Kingfisher Airlines plans to raise equity as net losses amount to USD50.0 million in first quarter
Kingfisher Airlines reported a USD50.0 million net loss in 1QFY2010, ended 30-Jun-09, deepening losses of USD33.0 million in the previous corresponding period. The carrier cut capacity by 23% in the first fiscal quarter, while controlling reduction in revenue, which declined by just 6% year-on-year in the period to USD273.0 million. [1030 words]
Unlock the following content in this report:
- Kingfisher “cannot afford” to pay high domestic taxes as losses reach “unsustainable” levels
- Leader by market share in India
- Focus on international expansion in 2QFY2010
- Outlook: Increasing market share at expense of yields
Graphs and data:
- Kingfisher Airlines financial highlights for three months ended 30-Jun-09
- Jet fuel as proportion of total operating costs: Three months ended 30-Jun-2009
- Kingfisher Airlines passenger numbers and passenger numbers growth (% change year-on-year): 3Q07 to 1Q2010
- Indian carriers domestic market share: Jun-2009
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers
CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.