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Kingfisher posts net loss of Rs. 444 Crore – Bangalore Aviation

Kingfisher posts net loss of Rs. 444 Crore

February 16, 2012 Comments Off on Kingfisher posts net loss of Rs. 444 Crore 214 Views

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 Crore.

These figures were achieved on capacity cuts of 5% and passenger decline of 15% to 2.63 million.

Stay tuned for full financial analysis of Kingfisher and other carriers.

About Vinay Bhaskara

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