Jet Airways` Q4 standalone net profit down 91%

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Airline major Jet Airways on Tuesday reported a massive decline of over 90.73 per cent in its standalone net profit for the fourth quarter (Q4) of 2016-17.

According to the company, its standalone net profit during the quarter under review declined to Rs 36.80 crore from Rs 397.16 crore reported in the corresponding period of 2015-16.

However, the Q4 standalone total income of the company inched higher by 5.65 per cent to Rs 5,759.58 crore from Rs 5,451.28 crore earned in the corresponding period of the previous fiscal.

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