Private carrier Jet Airways India posted a net loss of Rs 225.33 crore in the first quarter ended June 30, 2009.

The airline had a net profit of approximately Rs 143.38 crore in the same quarter last fiscal.

The private carrier declared in a filing to the BSE that total income went down to Rs 2,371.21 crore in the quarter ended June 30, 2009 from Rs 2,867.16 crore in the same quarter in the last fiscal.

The company suffered losses primarily on the account of lower yields due to intense competition and over capacity in the market besides high interest cost during the first quarter of the current fiscal.

The airlines continues to carry out cost control measures and rationalization of routes to be able to contend in a dynamic environment, all of which would result in arresting losses incurred by it.

Jet Airways proclaimed that the board has approved for raising $400 million, in a separate filing to BSE.