Kingfisher flies deeper into losses in Q1

Mumbai: Struggling Kingfisher Airlines today said its net loss widened by a whopping 147 percent to Rs 650.8 crore in the quarter ended June, from Rs 263.5 crore in the year-ago period.
This was due to higher interest costs and cost on grounded planes even as curtailed operations helped the airlines trim operational expenses significantly.
Among the three listed airlines, liquor baron Vijay Mallya's carrier is the only one to have reported losses in the first quarter.
11/08/12 Financial Express

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Categories: Kingfisher Aug 2012