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Tag Archives: Kingfisher Airlines

Kingfisher Airlines posts Rs. 469 cr loss in Q2 FY 2012. Pays 22% of revenue as interest and finance charges

Contrary to its claimed cash-starved position, Kingfisher Airlines has actually performed relatively better than its counter-part listed private airlines counter-parts in India. In a perverse silver lining to the ongoing fiscal crisis at Kingfisher, the airline slid from a net loss of Rs. 263 Cr. in the first quarter of fiscal year 2011~12 (FY12) to a net loss of Rs. …

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Kingfisher Airlines: ending in bankruptcy or survival by blackmail ?

India’s fun airline which invites you to “fly the good times” is sending shock after shock to all its stakeholders. In the last two days the airline has cancelled almost 80 flights leaving passengers across the country, running from pillar to post as their travel plans went in to complete disarray. From an earlier announcement that the airline would cancel …

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RyanAir planning to show XXX on-board? Another Erin Andrews incident in the making?

Erin Andrews for Reebok. Photo courtesy Reebok. Passengers of RyanAir may encounter sex scenes similar to the one alleged to Keith Clinkscales and Erin Andrews, or the famous sexual romp on-board Kingfisher Airlines, if Michael O’Leary, the irrepressible chief of the low cost carrier has his way. Mr. O’Leary says the airline is planning to show porn on board its …

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Analysis: Kingfisher’s LCC withdrawal may be a precursor to fleet downsizing

Last week Kingfisher Airlines Chief Executive Officer Sanjay Aggarwal issued some clarifications about the airline’s decision to withdraw its Kingfisher Red LCC service. Below is our author and analyst Vinay Bhaskara’s analysis of those clarifications. Operating costs of so called low cost carriers and full service carriers in terms of fuel, airport charges, engineering and maintenance and crew costs are …

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Podcast – India overview. Kingfisher LCC withdrawal, IndiGo results, SpiceJet’s Q400 success

By Devesh Agarwal In this India overview podcast Vinay Bhaskara, Addison Schonland, and myself, cover: the announcement of Kingfisher Airlines to withdraw from the LCC segment and what could some of the reasons behind this announcement. The continued financial success of IndiGo as announced by their results The astounding initial success of the recently commenced Q400 turbo-prop service of SpiceJet. …

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Dr. Mallya seeks to assure shareholders after media reports question Kingfisher financial viability

Over the last 15 days, Kingfisher Airlines has been savaged in the media (read articles here and here) based on a research report by analyst Neeraj Monga of Veritas Investment Research Corporation of Canada, which casts doubts on the airline’s viability. A report earlier today, in The Mint newspaper appears to be the straw that broke the camel’s back. The …

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Commercial Aviation News Briefing: September 26th

by Vinay Bhaskara India: Air India launches austerity drive Air India, in a move that defies its traditional profligacy, will be launching an austerity drive beginning October 1st. Rohit Nandan, Air India’s chairman, related in a memo that Air India will be enacting the following initiatives.Payments on reimbursements of entitlements and vouchers will be cut by 10%, in addition to …

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Podcast: Air India’s 787 plight, Is Kingfisher bankrupt?, SpiceJet’s Q400 delivery experience

The team of Vinay Bhaskara, Addison Schonland and Devesh Agarwal bring you another edition of the India aviation review podcast. In this edition we feature the dilemma faced by a bankrupt Air India and its 27 787 Dreamliner order. There is no doubt that the airline needs a good mid-sized aircraft, but it is out of money. Is the national …

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INFOGRAPHIC: Airline wise seat capacity offered at Bangalore

The nightly aircraft line-up tail parade at the apron of Kempegowda International Airport Bangalore

The below infographic shows the capacity offered, in seats per week, by each airline at Bangalore’s Bengaluru International Airport. Kingfisher with 65,724 seats, is still the market leader, but unlike earlier days, when the airline was considered based out of Bangalore, its lead over second place IndiGo, has shrunk significantly. IndiGo, the Gurgaon based low cost carrier is showing a …

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Analysis of Kingfisher’s Q1 Results

Continuing the series of Indian carrier financial analyses, today we take a look at Kingfisher. Previous Analyses: SpiceJet Following the trend of most Indian carriers, Kingfisher posted a drop in net income; facing a net pretax loss of Rs. 3.90 billion vs. a pretax loss of Rs. 2.64 billion in Q1 2011. As compared to SpiceJet, Kingfisher did not see …

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Comparison of 1Q operating parameters of Jet Airways, JetLite, Kingfisher, and SpiceJet

India has three airline groups which are listed on the stock market and therefore regularly release information on their quarterly and annual financial and operating performance. Jet Airways group comprising of full service carrier Jet Airways and its low cost subsidiary JetLite, (the low fare service Jet Airways Konnect’s numbers are rolled in to those of Jet Airways), fellow full …

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IndiGo and Jet lead performance and market share but also in passenger complaints

India’s Directorate General of Civil Aviation reported domestic performance metrics of the seven Indian carriers for February 2011. Overall traffic was up 18.46% to 4.576 million passengers from 3.863 million passengers a year earlier. Cumulative traffic for 2011 is up 19.62% to 9.511 million from 7.951 in 2010. The Jet Airways group, comprising of Jet Airways, Jet Airways Konnect and …

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Kingfisher Airlines and Finnair commence frequent flier partnership

Kingfisher Airlines as a member elect of the oneworld alliance has entered in to a frequent flier partnership with alliance member Finnair allowing members of their King Club and Finnair Plus programmes to earn and redeem miles on each other’s networks. Effective March 11, 2011, members of each programme can earn and redeem miles when flying with the other airline. …

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Jet Airways in talks with Air France-KLM, Delta, and Alitalia. To finally join SkyTeam?

Both Bloomberg and The Wall Street Journal are reporting that India’s largest carrier Jet Airways is in talks with Air France-KLM, Alitalia and Delta Air Lines Inc. about joining the SkyTeam alliance. Jet has long practised a policy of bi-lateral and code-share agreements and officially, its management has steadfastly refuted any speculation of carrier joining an alliance, but with Air …

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India budget raises air travel costs. Maximum impact on Air India, Jet, and Kingfisher

The Indian budget for 2011-12 has raised the cost of air travel by imposition or raising of service tax. Earlier this morning, the Indian Finance Minister, Mr. Mukherjee, announced that the service tax on air travel by economy class would be raised by Rs. 50 for domestic trips and by Rs. 250 on international. Domestic business and first class passengers …

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Full DGCA investigation report of Kingfisher Airlines VT-KAC crash at Mumbai

In follow-up to our story yesterday about the “serious incident” [read crash] of the Kingfisher Airlines ATR-72-500 VT-KAC at Mumbai on November 10, 2009, and thanks to well wishers, Bangalore Aviation has obtained a copy of the final investigation report by the Directorate General of Civil Aviation. It can be read here. The synopsis in the front of the report, …

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DGCA withdraws report on Kingfisher plane crash-cover-up or shoddy investigation?

Post the Air India Express crash at Mangalore, there have been calls across the country for greater transparency within the administration, policy, regulatory, and investigative units of India’s civil aviation system. With the exception of the famous incident involving President Pratibha Patil’s helicopters in a near-miss with an Air India aircraft at Mumbai, with a view to increasing transparency, for …

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