Moneycontrol
Oct 03, 2012 09:32 AM IST | Source: Reuters

Kingfisher Airlines slumps on continued labour unrest

KINGFISHER-SHARES:Kingfisher Airlines slumps on continued labour unrest

Kingfisher Airlines slumps on continued labour unrest

MUMBAI (Reuters) - Kingfisher Airlines fell 4.9 percent, down almost by its daily limit move of 5 percent, after cancelling all flights through Thursday because of labour unrest and being ordered to submit a revival plan before it can fly again.

Shares in Kingfisher were down 4.9 percent as of 9:22 a.m. on Wednesday, after slumping nearly 5 percent in each of the previous two sessions.

(Reporting by Mumbai markets team; Editing by Gopakumar Warrier)

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