Kingfisher Airlines net loss widens to Rs 650 crore for the quarter ended in June 2012, Latest stock price

Kingfisher Airlines net loss widens to Rs 650 crore for the quarter ended in June 2012, Latest stock price

Kingfisher Airlines today announced its net loss in the quarter ended June widened about two and a half times to Rs 650 crore, compared with the net loss of Rs 263 crore in the corresponding period last year. Revenue fell more than six times to Rs 301 crore, against Rs 1,907 crore in the year-ago period.

Operating losses rose from Rs 79 crore in the year-ago period to Rs 204 crore. The airline’s operating losses in the previous quarter stood at Rs 429 crore.

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