Shares in Kingfisher Airlines dropped as much as 18% in early trade today following media reports that carrier may shut down more local routes. A Kingfisher Airlines spokesman said chairman Vijay Mallya had already decided the airline would not fly commercially unprofitable routes. On Thursday, India’s civil aviation minister Vayalar Ravi ruled out a public bailout for Kingfisher Airlines or any other private airline, urging them to “put their own house in order”.

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