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India's Jet Airways Q2 profit slumps 91 pct


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Dec 7 (Reuters) - Jet Airways (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 (graphic).

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




This article appears in: Stocks , Fundamental Analysis , World Markets , Economy , Earnings


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