Kingfisher Airlines Q3 net loss at Rs 419 cr | business | Hindustan Times
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Kingfisher Airlines Q3 net loss at Rs 419 cr

business Updated: Jan 21, 2010 10:54 IST

Private carrier Kingfisher Airlines on Thursday said its net loss for the third quarter ended December 31, 2009 has widened to Rs 419.96 crore.

The company had a net loss (loss from ordinary activities after tax) of Rs 413.39 crore for the quarter ended December 2008, Kingfisher Airlines said in a filing to the Bombay Stock Exchange.

The Vijay Mallya-promoted private airline also reported a decline in its income from operations at Rs 1,352.45 crore for the December quarter, from Rs 1,447.83 crore in the same period previous fiscal.

For the nine-month ended December 31, the company has posted a net loss of Rs 1,075.32 crore, while it had a net loss of Rs 1,054.51 crore in the same quarter last fiscal.

Shares of Kingfisher Airlines were trading at Rs 60.95 on the BSE, down 2.56 per cent from its previous close.