Kingfisher Airlines Reports Net Loss Of Rs 444.27 Crore In Q3 (16-Feb-2012)
Kingfisher Airlines has reported a net loss of Rs 444.27 crore for the quarter ended December 31, 2011, against net loss of Rs 253.69 crore for the corresponding period last fiscal. Total income declined by 19.07% to Rs 1342.33 crore during the quarter under review from Rs 1658.70 crore in the year-ago period.
Kingfisher Airlines is one of the leading private players in the Indian aviation industry. Incorporated in 1995 as Deccan Aviation, the company is engaged in the business of providing passenger and helicopter charter services. The name was changed to Kingfisher Airlines in the year 2008. The airline is part of UB Group owned by Vijay Mallya.
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