Kingfisher Airlines heading in right direction, predicts profitable 2010/11

Kingfisher Airlines has budgeted for a profitable year in 2010/11 (ending 31-Mar-2011) driven by a sustained recovery in demand (especially premium traffic) and further significant reductions in costs. This assessment comes as the airline moved into positive territory at the EBITDAR level for the 12 months ended 31-Mar-2010, although its massive expenditure on aircraft leases (including grounded aircraft) resulted in (reduced) losses at the EBITDA and net levels.

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