(Reuters) - Jet Airways (India) Ltd, the country's second-largest airline, on Wednesday reported a 46 percent drop in third-quarter profit, hurt by higher fuel expenses.
Net profit for the three months ended Dec. 31 stood at 1.65 billion rupees ($25.74 million) versus 3.05 billion rupees in the year ago quarter.
Revenue from operations grew 10.4 percent to 60.86 billion rupees.
Total expenses for the quarter jumped 10 percent with aircraft fuel expenses rising around 29 percent to 18.40 billion rupees.
($1 = 64.1150 Indian rupees)
Also Read
(Reporting By Arnab Paul in Bengaluru; Editing by Vyas Mohan)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app