Jet Airways profit falls 91% due to high fuel costs
India's second largest airline, Jet Airways, reported a 91% slump in standalone net profit for the March quarter, hurt by higher aircraft fuel expenses. Net profit for the fourth quarter came in at â¹36.8 crore compared with a profit of â¹397 crore a year earlier. Expenses for aircraft fuel increased 58% for the quarter, the company said on Tuesday.