Jet Airways, on Monday, posted loss for the second consecutive quarter. Jet Airways is one of India’s biggest full-service airline, part-owned by Etihad Airways. The airline has been facing financial issues, but assures that it will keep flying and turn around the business soon.

The loss posted by Jet for the quarter ended June 30, 2018 is 13.23 billion INR as against a profit of Rs 535 billion in the same quarter last year.

The optimistic airline plans to inject capital and reduce debt , thereby reducing the interest costs, the statement said, without giving any details on the magnitude of injection.Also some of the assets are planned to be monitised, which may include their JetPrivilege programme.

To cut on the fuel cost, the airlines plan to introduce fuel and cost efficient aircrafts. Some changes could also be seen in the fleet management.

In the June quarter, Jet had implemented some non-fuel expenditure cut by 1.5 percent. It plans to further reduce such costs by 12-15 percent in the nest few quarters to come.

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