21-Jan-2010 11:28 AM

Kingfisher revenue down 7%, operating loss narrows in 3QFY2010

Kingfisher Airlines revenue down 7% – financial/traffic highlights for the three months ended 31-Dec-2010:

  • Operating revenue: USD295.0 million, -7% year-on-year;
  • Costs:
    • Labour: USD37.1 million, -22%;
    • Fuel: USD97.0 million, -20%;
    • Other operating costs: USD124.5 million, -7%;
  • EBITDAR: USD40.3 million, +85%;
  • Aircraft lease rentals: USD57.3 million, -28%;
  • Total operating costs: USD315.7 million, -17%;
  • EBITDA (loss): (USD17.0 million), compared to a loss of USD64.8 million in the previous corresponding period;
  • Profit (loss) before exceptional items and tax: USD91.8 million, -27%;
  • Exceptional item: USD47.5 million, +363.8%;
  • Profit (loss) after tax: (USD91.6 million), compared to a loss of USD90.1 million in the previous corresponding period;
  • Passenger numbers: 2.7 million, +4.2%;
  • Passenger load factor: 74.6%, +14.5 ppts;
  • Revenue per RPK: USD 11.1 cents; -18.7%;
  • Cost per ASK: USD 8.9 cents; -10.4%. [more]

*Based on the conversion rate at USD1 = INR45.86

Kingfisher: “Passenger traffic for the Aviation Industry increased in Q3 FY 10 (+30.5% over Q3 last year). This buoyancy in passenger volumes is expected to continue as the Indian economy rebounds from the slowdown of early 2009…industry saw an improvement in YTD yields in both premium & economy segments,” Company statement. Source: Kingfisher, 20-Jan-2010.

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