Mumbai: Private carrier Kingfisher Airlines, which has posted a net loss of Rs468.66 crore for the second quarter ended 30 September 2011, on Tuesday said it has grounded 10-12 aircraft for reconfiguration, reports PTI.
Maintaining that no additional flights will be cancelled due to the ongoing aircraft reconfiguration, Kingfisher CEO Sanjay Aggarwal said the changes in the flight schedule will only take place by March, once the reconfiguration process was over.
“Whatever the number of flights are published on the website, we will be flying from today. Changes will happen only after March, when the entire plane revamp will be over,” he told reporters here.
“Overall, we have grounded 10-12 aircraft, or 55 flights, out of the 66 planes. But, we also added some flights by additional frequencies and are starting Mumbai-Udaipur from next month,” Mr Aggarwal added.
The beleaguered company doubled its net loss at Rs468.66 crore second quarter compared to Rs230.81 crore in the July-September quarter of 2010.
The company’s net loss during the first six months of the current fiscal rose to Rs732.21 crore from Rs418.16 crore in the corresponding quarter of the previous fiscal.
16/11/11 Moneylife
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