Jet Airways Ltd announced financial results for the quarter and nine months ending as on December 31, 2017. It reported fall in profits by 46 percent for the third quarter of 2018 due to higher fuel expenses.

Net Profit for the third quarter of 2018 is Rs 16,525 lakhs as against Rs 30,520 lakhs during the third quarter of 2017.

The company reported growth in revenue from operations for the third quarter of 2018 at Rs 608,620 lakhs as against Rs 551,114 lakhs for the third quarter of 2017, an increase of 10 percent.