EARNINGS WRAP: Jet Airways' losses widen; China's 'Big Three" return to the black

Jet Airways, India's largest carrier by market value, reported its largest quarterly loss in more than four years (the carrier's net loss increased 6% to USD85 million) in the three months ended Sep-2009 (2QFY2010), attributed to the traditionally "lean" second quarter, low yields and the five-day pilot strike in Sep-2009. China's 'Big 3' airlines, China Southern, Air China and China Eastern, meanwhile all rebounded to net profitability in same period, as economic growth (which expanded by 8.9% in the quarter) triggered a rebound in domestic air travel demand. The results also make it likely for the three carriers to report full-year profits.