Jet Q3 net drops 35% to Rs 40 cr

Jet Airways on Friday reported a 35 per cent drop in net profit at Rs 40 crore (Rs 400 million) for the quarter ended December 31, 2006 when compared with Rs 61 crore (Rs 610 million) in Q3FY06.

According to a release issued to the BSE on Friday, the total income moved up to Rs 2,030 crore (Rs 20.30 billion) from Rs 1,499 crore (Rs 14.99 billion) in Q3 FY06.