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Kingfisher loses USD128 million in third quarter to 31-Dec-08


Kingfisher Airlines reported a USD128.5 million loss in the three months ended 31-Dec-08, on a 7% increase in revenue to USD296 million. Third quarter losses were attributed to USD35.7 million in costs related to its international business launch, a USD21.1 million increase in interest expenses and an exchange rate impact of dollar denominated expenses of approximately USD12.3 million. [561 words]

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  • International expansion continues, albeit chaotically
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