Kingfisher Airlines posts FY09 loss, issues pay delay warning to staff
Good luck to the folks at Kingfisher Airlines:
Kingfisher Airlines posts FY09 loss, issues pay delay warning to sta
AGENCIES 29 July 2009, 11:47am IST MUMBAI: Private carrier Kingfisher Airlines Ltd said on Wednesday it posted a net loss of 16.09 billion rupees on net sales of 52.7 billion rupees for the year-ended March 31, 2009. Year-ago figures were not immediately available.
The airlines warned its 6000 employees of delay in salary.
In an email sent, Hitesh Patel, executive vice-president, Kingfisher Airlines, wrote, "Along with all other airlines, we are in a tight situation regarding finances. You can expect to be in embarrassing situations with our vendors; your salaries may be delayed but never beyond the 7th."