Late yesterday, embittered Kingfisher Airlines released its quarterly results for Q# of FY 2012.
The struggling carrier saw its net loss deepen to Rs. 444 Crore from Rs. 254 Crore in the same period last year.
Revenues fell 5% to Rs. 1,547 Crore, while expenditures grew 4.8% to Rs. 1778.06 Crore.
EBITDAR was Rs. 125 Crore, down from Rs. 284 Crore.
These figures were achieved on capacity cuts of 5% and passenger decline of 15% to 2.63 million.
Stay tuned for full financial analysis of Kingfisher and other carriers.