Kingfisher Airlines Limited Announces Quarterly Results in line with its expectations

Mumbai, November 7, 2012—Kingfisher Airlines has been in a holding pattern, operating a limited schedule since March 2012.

Kingfisher Airlines reported an operating loss for Q2 2012 of Rs. 220 Crores.

After adjusting for finance cost of Rs. 401 Crores, a one-time cost of Rs. 448 Crores due to re-delivery of aircraft and restructuring / idle costs and taxes, the net loss was Rs. 754 Crores.

Kingfisher Airlines is preparing a comprehensive plan for re-start of operations which will be shared with the DGCA and bankers.

The airline is in discussion with various stakeholders to ensure that there are no future disruptions. Kingfisher Airlines expects to resume operations in the near future.