<p>Kingfisher Airlines today reported a net loss of Rs 755.17 crore for the third quarter ended December 31, 2012, a period when it did not operate a single flight.<br /><br /></p>.<p>The company had a net profit of Rs 444.26 crore in the quarter ended December 2011, Kingfisher said in a filing to the BSE.<br /><br />"During the quarter under review, Kingfisher did not have any operations. The company submitted a revival plan to the DGCA for renewal of its scheduled operator's permit and for restart of operations," it said.<br /><br />Following the results, shares of the company fell by 3.83 per cent to Rs 12.06 on the BSE in late morning trade.<br /><br />"After announcing finance costs of Rs 401 crore, a one-time cost of Rs 275 crore due to re-delivery of aircraft (which will reduce lease rentals and other related costs going forward), the net loss was Rs 755 crore," the Vijay Mallya-promoted carrier said.<br /><br />"Kingfisher has made significant progress in complying with the DGCA requirement," the airline added.<br /><br />Kingfisher, which has debt of nearly Rs 8,000 crore and accumulated loss and liabilities of a similar amount, has been grounded since October 1 after its pilots and engineers went on a strike over non-payment of salaries.</p>
<p>Kingfisher Airlines today reported a net loss of Rs 755.17 crore for the third quarter ended December 31, 2012, a period when it did not operate a single flight.<br /><br /></p>.<p>The company had a net profit of Rs 444.26 crore in the quarter ended December 2011, Kingfisher said in a filing to the BSE.<br /><br />"During the quarter under review, Kingfisher did not have any operations. The company submitted a revival plan to the DGCA for renewal of its scheduled operator's permit and for restart of operations," it said.<br /><br />Following the results, shares of the company fell by 3.83 per cent to Rs 12.06 on the BSE in late morning trade.<br /><br />"After announcing finance costs of Rs 401 crore, a one-time cost of Rs 275 crore due to re-delivery of aircraft (which will reduce lease rentals and other related costs going forward), the net loss was Rs 755 crore," the Vijay Mallya-promoted carrier said.<br /><br />"Kingfisher has made significant progress in complying with the DGCA requirement," the airline added.<br /><br />Kingfisher, which has debt of nearly Rs 8,000 crore and accumulated loss and liabilities of a similar amount, has been grounded since October 1 after its pilots and engineers went on a strike over non-payment of salaries.</p>