Jet Airways, which is close to concluding a 24% stake sale deal with Abu Dhabi?s Etihad Airways, slumped to a standalone net loss of R355 crore for the fiscal 2013-14 first quarter ended June 30. The first quarter is traditionally a profitable quarter for airlines as it coincides with summer holidays in a large part of the country, and in the same quarter last year, Jet Airways had a standalone profit of R24.7 crore. The loss came as the airline carried 7.3 lakh fewer passengers during the quarter and was also adversely impacted by the weak rupee. During the quarter, Jet?s standalone revenue revenue fell 12.3% to R4,064.4 crore from R4,636.7 crore in the same quarter last year. ? The devaluation of the rupee versus the US Dollar, steep increase in landing and navigation chargers at key metros and high fuel prices has impacted the industry?s profitability,? said Captain Hameed Ali, acting chief executive officer, Jet Airways. ?