Heathrow Harry
16th Feb 2012, 11:40
BBC News - Kingfisher Airlines losses worsen (http://www.bbc.co.uk/news/business-17054544)
More trouble
"Losses at India's Kingfisher Airlines widened 75% in the October to December quarter, raising fresh concerns about the future of the troubled carrier. The airline made a loss of 4.44bn rupees ($90m; £57m) during the period, compared with 2.54bn rupees a year earlier.
It said high fuel costs and a weak rupee had hurt its earnings.
The carrier has been facing cash flow problems that have led to flights being cancelled and staff leaving the firm.
"The company has incurred substantial losses and its net worth has been eroded," Kingfisher said in a statement."
More trouble
"Losses at India's Kingfisher Airlines widened 75% in the October to December quarter, raising fresh concerns about the future of the troubled carrier. The airline made a loss of 4.44bn rupees ($90m; £57m) during the period, compared with 2.54bn rupees a year earlier.
It said high fuel costs and a weak rupee had hurt its earnings.
The carrier has been facing cash flow problems that have led to flights being cancelled and staff leaving the firm.
"The company has incurred substantial losses and its net worth has been eroded," Kingfisher said in a statement."