Kingfisher Airlines’ shares fall to record low on Q4 net loss

Mumbai: Shares of cash-strapped Kingfisher Airlines fell more than 4% to a record low, a day after saying net loss more than trebled in the January-March quarter because of higher fuel prices and a weaker rupee.

Kingfisher lost Rs 1150 crore ($90.1 million) in the fiscal fourth quarter, compared to a loss of Rs 360 crore a year ago.

Also Read | Kingfisher Airlines Q4 loss more than trebles