Kingfisher/Kingfisher Red - Now aiming to report a profit in 2010

Kingfisher Airlines announced it expects to become profitable by fiscal year 2010, although the carrier could turn around sooner. Chairman and CEO, Dr Vijay Mallya, confirmed he expected the carrier to start performing well from the next quarter, stating, “you will be surprised [on the upside] with the next quarter results itself. We hope to turn profitable by FY10 if ATF prices remain the same”.

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