“The company has changed its method of accounting for costs incurred on major repairs and maintenance for its engines. Had the company not changed the method of accounting, the loss for the quarter and half year would have been higher by Rs 110.02 crore,” Kingfisher Airlines said. Income from operations declined to Rs 1,142.14 crore for the quarter ended September 30, down 13.64 per cent from Rs 1,322.64 crore in the same period last year.
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