 "Jet Airways Q2 standalone net slumps 91% to Rs 49.6 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.