September 12, 2017 / 1:28 PM / 11 days ago

Jet Airways first-quarter profit more than doubles

A Jet Airways passenger aircraft takes off from the airport in Ahmedabad, August 12, 2013. REUTERS/Amit Dave/Files

REUTERS - Jet Airways (India) Ltd, the country’s second largest airline by market share, on Tuesday said its first-quarter net profit more than doubled.

Net profit was 535 million rupees ($8.36 million) in the quarter ended June 30, compared with 258.8 million rupees a year earlier (bit.ly/2wXWaxC)

Revenue from operations rose about 10 percent to 56.49 billion rupees, the company said in a statement.

($1 = 64.0260 Indian rupees)

Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Subhranshu Sahu and Vyas Mohan

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