Jet Airways profit slumps 91% to â¹49.6 crore in Sept quarter
India's second largest airline Jet Airways on Thursday reported a 91% year-on-year decline in its standalone net profit to â¹49.63 crore for the September quarter, due to lower airfares and higher fuel prices. The company posted a revenue of â¹5,758 crore during the quarter. Expenses for aircraft fuel increased 17% to â¹1,526 crore for the quarter, the company said.