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

live

bselive
nselive

Volume

Todays L/H

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

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347