Press Esc to close
Sunday 29 May 2016
News updated at 10:45 PM IST
Weather
Max: 33.2°C
Min : 22.3°C
In Bengaluru
Partially cloudy

Kingfisher Q3 net loss at Rs 755 cr

Mumbai, Feb 5, 2013 (PTI)

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.

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.

"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.

Following the results, shares of the company fell by 3.83 per cent to Rs 12.06 on the BSE in late morning trade.

"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.

"Kingfisher has made significant progress in complying with the DGCA requirement," the airline added.

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.


Go to Top

Photo Gallery
Dharani Selvakumar takes part in senior category, at the All Cargo National surfing event Indian...

Dharani Selvakumar takes part in senior category, at the All Cargo National surfing event Indian...

A large number of cricket fans cheers during the Royal Challengers Bengaluru V/s Sunrisers...

A large number of cricket fans cheers during the Royal Challengers Bengaluru V/s Sunrisers...

A shepherd flocking sheep on the Tosamaidan meadow, in district Budgam of central Kashmir...

A shepherd flocking sheep on the Tosamaidan meadow, in district Budgam of central Kashmir...

Visitors at an Electric Vehicles Expo in Kolkata on Sunday...

Visitors at an Electric Vehicles Expo in Kolkata on Sunday...

Smoke billowing out after a major fire at an AC kit manufacturing facility at Manesar, Gurgaon...

Smoke billowing out after a major fire at an AC kit manufacturing facility at Manesar, Gurgaon...

Girls enjoying in the Arabian sea against the backdrop of monsoon clouds in Kochi...

Girls enjoying in the Arabian sea against the backdrop of monsoon clouds in Kochi...

A Sikh devotee paying obeisance at the Golden Temple on the occasion of Guru Gaddi diwas of sixth..

A Sikh devotee paying obeisance at the Golden Temple on the occasion of Guru Gaddi diwas of sixth..

Students celebrate their success after CBSE announced its 10th class results...

Students celebrate their success after CBSE announced its 10th class results...

A Group of Bengaluru Mothers getting prepared for the Babywearing dance to be held next month...

A Group of Bengaluru Mothers getting prepared for the Babywearing dance to be held next month...

Volunteers clean Tapi river to celebrate the completion of two years of Modi government...

Volunteers clean Tapi river to celebrate the completion of two years of Modi government...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523