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Jet Airways Q2 standalone net slumps 91% to Rs 49.6 cr

Quarterly total expenses rose 9.2% to Rs 5,709 cr


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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First Published: Thu, December 07 2017. 19:17 IST