Thursday, February 10, 2011

Kingfisher airlines records EBITDA profits on domestic operations

YEAR TO DATE FY10
YTD EBITDA profit of Rs 15 crs for its domestic operations, compared to a loss of Rs. 1058 crs in the same period of the previous year - an improvement of Rs. 1073 crs.
The company posted a positive 20% EBITDAR of Rs. 679 crs as against a loss of Rs. 246 crs in the corresponding period of the previous financial year in respect of its domestic operations.
The YTD performance was despite intense competition, huge capacity cuts (-22%) and pressure on yields.
Kingfisher Airlines continues to remain “India’s favourite airline” (as per the recent HT-MaRS consumer survey) and the single largest carrier in the domestic industry with a market share of 23.9% in 2009.
On an overall basis, the company has incurred an EBITDA loss of Rs. 355 crs vs a loss of Rs 1,342 crs during the same period of the previous year – an improvement of Rs. 987 crs.

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