A significant swing to the red in its fiscal fourth quarter ended March 31 helped drag India's Jet Airways to a full-year loss of INR2.53 billion ($58.9 million), a reversal from the INR280 million profit it reported in the year ended March 31, 2007, and its JetLite subsidiary suffered even heavier losses. "Over the past few months, the aviation industry worldwide has been facing the effects of continuing increases in crude oil prices," Jet said. "The situation in India is further ...

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