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Jet Airways defers Q1 result announcement to unspecified date

Jet Airways deferred announcing their June quarter numbers to an unspecified date. The development came after the company's AGM on Thursday.

 
 
Stock of the full service carrier has slumped over 12 per cent since July 2 and in intra-day trading today, it touched a 52-week low of Rs 286.95 apiece.
Jet Airways is offering discounted fares on both domestic and international flights starting today under its 9-day 'Freedom Sale' which will go on till August 15.
The airline has an annual salary bill of Rs 3,000 crore. The salary cut is expected to reduce this expenditure by around Rs 500 crore.
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