Kingfisher Airlines
CORPORATE/AVIATION Kingfisher Q2 loss widens to Rs 754 cr Nov 8, 2012 Debt-ridden Kingfisher Airlines has reported net loss of Rs 754 crore for the July-Sep quarter, a sharp increase from Rs 469 crore in the year-ago period, and said it is working on a plan to resume services. The revenue plunged to Rs 200 crore during its second quarter of this fiscal from Rs 1,553 crore in the same period last year because of disruption in operations and eventual suspension of its licence by aviation regulator DGCA. Even as the company’s expenses declined across various heads, the firm suffered huge restructuring cost. Its tax expenses also rose sharply. Announcing the result on Thursday, the carrier said it is in discussions with various stakeholders to ensure that there are no future disruptions and expects to resume operations in the near future. “Kingfisher Airlines is preparing a comprehensive plan for re-start of operations which will be shared with the DGCA and ba...