7-Sep-2009 11:29 AM

Kingfisher Airlines' losses are "no longer sustainable" - Mallya

Kingfisher Airlines Chairman, Vijay Mallya, reported the carrier’s losses are “no longer sustainable” and revealed it "costs more to fly than to stay on the ground” (AFP, 06-Sep-09). The carrier reported a USD49.3 million net loss for the three months ended 30-Jun-09.