INDIA AIRLINE EARNINGS WRAP: Kingfisher and SpiceJet report losses; Jet Airways losses widen

Kingfisher Airlines, India's largest airline by market share, reported a narrowing in net losses to USD89 million in the three months ended Sep-2009 (2QFY2010), due to lower fuel and staff costs (-42% and -18%, respectively). It was still a hefty loss and reflects a 12% decline in revenue in the quarter. Similarly, the country's second largest LCC by market share, SpiceJet, reported a narrowed its net loss to USD22 million, from a USD42 million net loss in the previous corresponding period.