Jet Airways returned to profit after two consecutive quarters in the red, posting a INR1.06 billion ($22.9 million) net profit in the fiscal third quarter ended Dec. 31 that compared to a INR2.14 billion loss in the year-ago period. The company said that "a series of strategic marketing initiatives implemented during the fiscal [quarter] and improved traffic loads start[ed] paying off," and that yield, traffic and cost efficiencies all increased. CEO Nikos Kardassis cited "the onset of a ...

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