Headline: Jet Airways suffers steep second-quarter reversal

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Jet Airways reported a INR3.85 billion ($71.5 million) loss in its fiscal second quarter ended Sept. 30, reversed from a INR283 million profit in the year-ago period, as the grave conditions that forced it into an alliance with rival Kingfisher Airlines and prompted Jet's failed attempt to cut 1,900 jobs wreaked havoc on its P&L.


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