Mumbai: Grounded carrier Kingfisher Airlines today reported a net loss of Rs 822.42 crore for the third quarter ended December 31, 2013.
The airline which has not flown for more than a year, had reported a loss of Rs 755.17 crore a year earlier, Kingfisher said in a filing to the BSE.
With planes remaining on the ground, the airline had nil sales in the reporting quarter, similar to zero sales a year ago.
The finance costs of Kingfisher for the reporting quarter stood at Rs 350.99 crore, against Rs 401.26 crore in the corresponding quarter of the previous year.
The redelivery cost rose 45.83 per cent to Rs 400.73 crore, against Rs 274.80 crore for the comparable quarter a year ago.
The airline, headed by liquor-baron Vijay Mallya, has not flown since October 2012, after employees went on strike demanding salaries.
Kingfisher had never reported a profit since starting operations in 2005.
12/02/14 PTI/Financial Express
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The airline which has not flown for more than a year, had reported a loss of Rs 755.17 crore a year earlier, Kingfisher said in a filing to the BSE.
With planes remaining on the ground, the airline had nil sales in the reporting quarter, similar to zero sales a year ago.
The finance costs of Kingfisher for the reporting quarter stood at Rs 350.99 crore, against Rs 401.26 crore in the corresponding quarter of the previous year.
The redelivery cost rose 45.83 per cent to Rs 400.73 crore, against Rs 274.80 crore for the comparable quarter a year ago.
The airline, headed by liquor-baron Vijay Mallya, has not flown since October 2012, after employees went on strike demanding salaries.
Kingfisher had never reported a profit since starting operations in 2005.
12/02/14 PTI/Financial Express
