Tuesday, February 3, 2009
Kingfisher Airlines registers net loss worth Rs 413 crores in Q3
The Vijay Mallya-controlled Kingfisher Airlines has posted a net loss of Rs 413 crore for the third quarter of the current financial year as against a net loss of Rs 427 crore in the corresponding period last year.Company officials stated in a release that the increase in loss in the quarter was on account of initiation costs of international operations (Rs 17 crore), increase in interest expenses (Rs 100 crore) and exchange rate impact of dollar denominated expenses (Rs 60 crore).
It may be noted that private carrier had a loss of Rs 105 crore in the nine months ended December 2008 against a loss of Rs 617 crore reported for the same period in the last financial year.However, the company\'s net income during the period has surged to Rs 1,447 crore as compared to Rs 1,353 crore in the same quarter in the previous year.
New Syndicated by Domestic Airlines
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