Friday, November 08, 2013

Kingfisher Airlines posts $114 million loss in Q2

New Delhi: Kingfisher Airlines Ltd, which has been grounded for more than a year, reported yet another quarterly loss with no income from operations.
Net loss was 7.16 billion rupees for its fiscal second quarter ended September 30, compared with a net loss of 7.54 billion rupees a year earlier, Kingfisher said in a filing to the stock exchanges on Friday.
Kingfisher, once India's no.2 carrier and headed by flamboyant liquor baron Vijay Mallya, has not flown since October last year for want of cash. Bids to revive operations have seen little success so far.
08/11/13 Reuters/Times of India
To Read the News in full at Source, Click the Headline