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

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.

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