Heavy losses for Kingfisher Airlines, Jet Airways and SpiceJet in challenged Indian aviation sector

The challenges continue in India's aviation sector with the country's three-listed carriers - Kingfisher Airlines, Jet Airways and SpiceJet - posting losses in the three months ended 31-Dec-2011 (3QFY2012), traditionally the strongest quarter for Indian carriers, marking four consecutive quarters in the red.

Kingfisher Airlines, as expected, posted the heaviest loss among the listed carriers in what was a tough quarter for India's aviation sector as a whole.

Government-owned Air India is also heavily loss-making. SpiceJet, while also feeling the pain, is better placed than some of its rivals, while unlisted IndiGo is likely to be the sole profitable carrier in the current fiscal year.