Airline

KINGFISHER LOSSES INCREASE FOR THE QUARTER

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KINGFISHER LOSSES INCREASE FOR THE QUARTER

Kingfisher Airlines has reported a 15% increase year-on-year loss of 263.54 crore for the April-June quarter. High fuel costs, which rose 40%, have completely offset the benefit the airline received from re-structuring its debt earlier this year. Moreover, a new accounting method that allows costs o...

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