India’s Jet Airways group has reported a consolidated loss of Rs 42 billion ($689 million) for the financial year April 2013 to March 2014, widened from Rs 7.7 billion in the prior-year period. The highest-ever loss for India’s second-largest airline was on a total income of Rs 194.4 billion ($3.2 billion), which rose marginally from Rs 190 billion in the same period last year. The Jet Airways board met in Mumbai on Tuesday and agreed to a series of measures they hope will ...

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