You are here: Home » Reuters » News
Business Standard

India's Jet Airways second-quarter profit slumps 91 percent

Reuters 

(Reuters) - (India) Ltd, the country's second-largest airline, reported a 91 percent slump in quarterly profit on Thursday, hurt by higher fuel expenses.

Net profit for the quarter ended Sept. 30 came in at 496.3 million rupees ($7.69 million), compared with a profit of 5.49 billion rupees in the year-ago quarter. http://bit.ly/2ACEclV

Quarterly total expenses rose 9.2 percent to 57.09 billion rupees, with aircraft fuel expenses rising about 17 percent.

($1 = 64.5700 Indian rupees)

(Reporting By Arnab Paul and Vishal Sridhar in Bengaluru; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 07 2017. 19:15 IST
RECOMMENDED FOR YOU