Kingfisher losses widen

Kingfisher Airlines has posted a net loss of Rs. 2,141.80 crore for the quarter ended 31 March against a loss of Rs.1,151.83 crore for the corresponding quarter the previous year. The airline had no sales for the reporting quarter, compared with sales of Rs.782.83 crore for the year-ago period. The airline posted a net loss of Rs.4,001.12 crore for the fiscal year against a loss of Rs.2,328.01 crore the previous year. The carrier’s accumulated losses as of 31 March were Rs.16,023.46 crore and its net worth on that date was a negative Rs.12,919.81 crore.