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    HomeNewsBusinessEarnings Kingfisher Air Q3 loss widens, expect rough skies ahead

    Kingfisher Air Q3 loss widens, expect rough skies ahead

    Billionaire Vijay Mallya-led Kingfisher Airlines posted a net loss of Rs 444 crore for quarter-ended December 2011, as fuel costs surged and the company cut flights due to cash crunch.

    February 16, 2012 / 15:15 IST
       
       
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      Moneycontrol Bureau

      Kingfisher Airlines (KFA) has reported a 75% jump in its net loss to Rs 444 crore for the December quarter from a year earlier amid high fuel cost, significant flight cuts and a weaker rupee, said the company in a statement.


      The airline which has discontinued operations on its low cost arm Kingfisher Red last year also saw its revenues drop 5% to Rs 1547 crore, year-on-year.

      first published: Feb 16, 2012 08:57 am

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