Daily Archives: February 16, 2012

Opinion: Bangalore airport should disclose full details of premature runway surface failure

February 16, 2012 Comments Off on Opinion: Bangalore airport should disclose full details of premature runway surface failure

Runway 09 at Kempegowda airport, Bangalore. Image copyright Devesh Agarwal. All rights reserved. Used with permission.

Late last month, the airport operators of the Bengaluru International Airport announced a closure of the sole runway (09-27) starting from March 11, which will result in a suspension of all flight operations during the day, effectively shutting down the whole airport. Runway 09 at Bangalore airport The operators, Bengaluru International Airport Ltd. (BIAL), indicated the runway closure was being …

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Jet Airways Q3 2012 financial analysis

February 16, 2012 Comments Off on Jet Airways Q3 2012 financial analysis

Once again, we will be beginning our financial analyses for Q3 of FY 2012 with an analysis of India鈥檚 largest airline Jet Airways, who posted a modest net loss of Rs. 101.2 Crore, down sharply from a net profit of Rs. 217.9 Crore in the same period last year. Q3 is typically the best quarter for Indian carriers, so to …

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Kingfisher posts net loss of Rs. 444 Crore

February 16, 2012 Comments Off on Kingfisher posts net loss of Rs. 444 Crore

Late yesterday, embittered Kingfisher Airlines released its quarterly results for Q# of FY 2012. The struggling carrier saw its net loss deepen to Rs. 444 Crore from Rs. 254 Crore in the same period last year. Revenues fell 5% to Rs. 1,547 Crore, while expenditures grew 4.8% to Rs. 1778.06 Crore. EBITDAR was Rs. 125 Crore, down from Rs. 284 …

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