×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Kingfisher Airlines Q3 net down, hurt by international operations

Kingfisher Airlines Q3 net down, hurt by international operations
PTI
Comment E-mail Print Share
First Published: Sun, Feb 01 2009. 04 31 PM IST
Updated: Sun, Feb 01 2009. 04 31 PM IST
Mumbai: Private air carrier Kingfisher Airlines today said it has reported a net loss of Rs626 crore during Q3 FY09 as against Rs423 crore in the same quarter last year.
The increase in loss in the quarter was on account of initiation costs of international operations (Rs174 crore) and the exchange rate impact of dollar-denominated expenses (Rs60 crore), the company said in a statement issued here.
Vijay Mallya-led Kingfisher Airlines incurred losses due to interest expenses during Q3 FY09, which increased by Rs103 crore as compared to the same quarter last year and on account of operating costs in the quarter, which included provisions for contingencies for return of aircraft worth Rs30 crore.
The company’s net income during the period was Rs1,447 crore as compared to Rs1,353 crore in the same quarter in the previous year.
Comment E-mail Print Share
First Published: Sun, Feb 01 2009. 04 31 PM IST