Kingfisher Airlines: Quotes, News

BSE 1.36000001430511470 (0.00%)

NSE 1.29999995231628420 (0.00%)

"After announcing finance costs of Rs 401 crore, a one-time cost of Rs.201 crore due to re-delivery of aircraft which will reduce lease rentals and other related costs going forward, the net loss was Rs.755 crore," the airlines said in the statement.

The company submitted a revival/restart plan to the Directorate General of Civil Aviation for the renewal of its scheduled operator's permit and for restart of operations," the carrier said in a stock exchange announcement.

In the previous quarter, Kingfisher Airlines had reported a net loss of Rs 754 crore for the second quarter ending September 2012, as against a loss of Rs 469 crore in a previous year.

Kingfisher Airlines, since its operation has never posted a profit.

As per Reuters report, Its shares have fallen 56 percent over the past year, making it the third worst-performing global airline in terms of stock price, according to Thomson Reuters Starmine.

The shares of the company was seen trading at Rs 12, lower by 3.59% on BSE at 9.35 am IST.

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