Vijay Mallya's cash-strapped Kingfisher Airlines has posted a net loss of 24.8% to Rs 444 crore for the quarter ending December 31, 2011.
The company's revenues also dropped 15.2% to Rs 13.42 crores.
However, shares of the company were trading at Rs 27.10 up Rs 0.35 or 1.31%.
"Steep depreciation of the Indian rupee coupled with consistently high crude oil prices has led to a challenging quarter for the Indian aviation industry," the airline said in a statement.
The world seems to be a big sky of troubles for cash-strapped Kingfisher airlines, which used to once be India's second largest airline seems buried in trouble.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google