Kingfisher Airlines first quarter revenue up 21%, narrowing net loss

Premium Analysis

Kingfisher Airlines budgeted that FY2010/11 (ending 31-Mar-2011) will be profitable following the return to positive EBITDAR in the 12 months ended 31-Mar-2010. So far its assessment is on track, with the carrier maintaining profitability at the EBITDAR level in the three months ended 30-Jun-2010, its first fiscal quarter. Kingfisher also returned overall EBITDA to a profit in the quarter and reduced net losses by about USD10 million.

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