India's Jet Airways Q2 profit slumps 91%

Jet Airways, the country’s second-largest airline, reported a 91% slump in quarterly profit on Thursday, hurt by higher fuel expenses. Net profit for the quarter ended Sept. 30 came in at 496.3m rupees (US$7.69m), compared with a profit of 5.49b rupees in the year-ago quarter. Quarterly total expenses rose 9.2% to 57.09b rupees, with aircraft fuel expenses rising about 17%.<br/>