(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. bit.ly/2ACEclV
Quarterly total expenses rose 9.2 percent to 57.09 billion rupees, with aircraft fuel expenses rising about 17 percent.
Reporting By Arnab Paul and Vishal Sridhar in Bengaluru; Editing by Subhranshu Sahu