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Oil Price Slump Hits Demand In Gulf Sector: Jet Airways

Jet Airways' total income from operations stood at Rs 5,478.07 crore in the December quarter.
Jet Airways' total income from operations stood at Rs 5,478.07 crore in the December quarter.
New Delhi: Jet Airways, which saw a steep fall in its third quarter net profit, on Monday said demand has been slowing in the Gulf sector amid a fall in oil prices. In the three months ended December 2016, the full-service carrier recorded a nearly 70 per cent plunge in net profit at Rs 142.38 crore as higher fuel expenses and other costs took a toll on its bottom line. The airline logged a net profit of Rs 467.11 crore in the year...
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