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Kingfisher Airlines July-March net loss at Rs1.88 bn

Kingfisher Airlines July-March net loss at Rs1.88 bn
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First Published: Thu, Oct 16 2008. 12 27 PM IST
Updated: Thu, Oct 16 2008. 12 27 PM IST
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Mumbai: Kingfisher Airlines Ltd, India’s No 2 private carrier, on Thursday reported a net loss for the nine-month period from 1 July 2007 to 31 March, 2008.
The airline posted a net loss of Rs1.88 billion on net sales of Rs14.41 billion, it said in a statement.
The accounting year of Kingfisher Airlines has been changed to April to March from July to June, the airline said in a statement.
Shares of Kingfisher Airlines were down 9.85% at Rs40.25 in a weak Mumbai market.
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First Published: Thu, Oct 16 2008. 12 27 PM IST