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Kingfisher narrows losses in Dec-2010 quarter; full-year loss expected

15-Feb-2011

Kingfisher Airlines, India’s second-largest airline by passengers carried, narrowed its net loss by 40% in the Dec-2010 quarter on higher revenue and continued growth momentum during the country’s peak travel season. The performance was reined in by high interest costs and the grounding of 14 Airbus aircraft due to engine concerns. [1452 words]

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Subheadings:

  • Better load factors, cost cuts and maturing of international routes a plus
  • Revenue growth of 26% outpaces cost increases
  • Strong domestic growth expected to continue
  • Business class growing faster than economy
  • Kingfisher delays deliveries of A380s
  • Losses to continue but break-even on domestic in full year
  • APPENDIX: Kingfisher Airlines domestic and international financial result breakdown

Graphs and data:

  • Kingfisher Airlines financial highlights for three months ended 31-Dec-2010
  • Kingfisher Airlines EBITDAR margin and EBITDA margin: 3QFY2011 vs 3QFY2010
  • Kingfisher passenger numbers and passenger load factor: 3QFY2011 vs 3QFY2010
  • Domestic India passenger growth: Apr-2009 to Dec-2010
  • Kingfisher total revenue per ASKM and cost per ASKM: 3QFY2011 vs 3QFY2010
  • Kingfisher Airlines domestic financial highlights for three months ended 31-Dec-2010
  • Kingfisher Airlines international financial highlights for three months ended 30-Dec-2010
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