Kingfisher Airlines’ losses are “no longer sustainable”: Mallya

Chairman of Kingfisher Airlines, Vijay Mallya, recently stated the carrier’s losses are “no longer sustainable” and revealed costs more for the carrier to fly than to “stay on the ground”. The carrier’s losses have deepened this fiscal year, with the carrier generating a net loss of USD50.0 million in 1QFY2010, ended 30-Jun-09, up from a loss of USD33.0 million in the previous corresponding period.

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