Kingfisher posts net loss of Rs. 444 Crore

financial, Kingfisher Airlines, Vinay Bhaskara

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.

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