Fuel Charges Hit Jet Airways, December Quarter Profit Drops 46%

Net profit for the three months ended December 31 stood at Rs 165 crore versus Rs 305 crore in the year-ago quarter.

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Fuel Charges Hit Jet Airways, December Quarter Profit Drops 46%

Jet Airways' revenue from operations grew 10.4% to Rs 6,086 crore.

Jet Airways (India) Ltd, the country's second-largest airline, on Wednesday reported a 46 per cent drop in third-quarter profit, hurt by higher fuel expenses.

Net profit for the three months ended December 31 stood at Rs 165 crore ($25.74 million) versus Rs 305 crore in the year-ago quarter.

Revenue from operations grew 10.4 per cent to Rs 6,086 crore.

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Total expenses for the quarter jumped 10 per cent with aircraft fuel expenses rising around 29 per cent to Rs 1,840 crore.
© Thomson Reuters 2018


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