Kingfisher Airlines Q2 EBITDA profit at Rs550mn

Kingfisher Airlines has reported results for the second quarter ended 30th September, 2010.
On an overall basis, the Company has made an EBITDA profit of Rs. 550mn in Q2 FY 11 vs. a loss of Rs. 2.81bn during the same period of the previous year an improvement of Rs. 3.36bn
The Company posted a positive 20% EBITDAR margin of Rs. 3.08bn as against a loss of Rs. 0.8 Crore in the corresponding quarter of the previous financial year- an improvement of Rs. 309 Crores
EBITDA profit of Rs. 108 Crores (despite accounting for Rs. 73 Crores of costs in respect of grounded aircraft) for its domestic operations, compared to a loss of Rs. 147 Crores in the same period of the previous year - an improvement of Rs. 2.55bn. The domestic EBITDA margin also improved from -13.98% to +9.21%
This performance was despite a 18% reduction in domestic capacity in terms of seats offered, due to the unplanned grounding of Airbus aircraft.
Kingfisher Airlines continues to remain “India’s favorite airline” and the only five star rated airline in India (as per Skytrax) and the single largest carrier in the domestic industry with a market share of 20% in Q2 FY 2011.
15/11/10 India Infoline

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Categories: Kingfisher Nov 2010