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February 16th, 2012
Kingfisher Airlines – Rs.444 crore loss in Q3

Debt-laden Kingfisher Airlines said on Thursday its net losses almost doubled in the last quarter of 2011, plunging it further into a financial crisis that threatens its survival.Sales fell about 25 per cent to Rs 1,342 crore from Rs 1790 crore, while interest charges on its huge debt pile rose to Rs 350 crore from Rs 340 crore a year earlier.
Kingfisher, owned by Mr. Vijay Mallya, has never posted a net profit since it started operating in 2005.

The company posted a net loss of Rs 444 crore ($88 million) in the three months to December, compared with Rs 254 crore in the same period a year earlier.