Sunday, June 25, 2006

Worse not yet over for Jet Airways: Analysts

New Delhi: Country's largest domestic airline Jet Airways is still not completely out of the rough weather, despite steering clear of an "overvalued" merger deal with Air Sahara, the analysts said.
The cost related to the cancellation of the deal would also have an impact on the company's earnings, said the bank, which has maintained its neutral outlook on the company, which was previously downgraded from a positive outlook in January when the deal was signed between Jet and Air Sahara.
Jet's share price has plunged nearly 30 per cent since the deal was signed in January.
25/06/06 Zee News
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