ALSO READMRF Q2 profit down 22% to Rs 300 cr on lower income, higher expenses Godfrey Phillips Q2 net more than doubles to Rs 59 cr, expenses fall 41% Reliance Power Q1 net dips 32% owing to higher expenses An uphill climb ahead for Jet Airways Jet Airways pilots resort to 'work to roster' protest over pending dues
Jet Airways (India) Ltd, the country's second-largest airline, reported a 91 percent slump in standalone quarterly profit on Thursday, hurt by higher fuel expenses.
Net profit for the quarter ended Sept. 30 came in at Rs 49.6 crore, compared with a profit of Rs 549 crore in the year-ago quarter.
Quarterly total expenses rose 9.2 percent to Rs 5,709 crore with aircraft fuel expenses rising about 17 percent.
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