Kingfisher Airlines first quarter revenue up 21%, narrowing net loss

Kingfisher Airlines budgeted that FY2010/11 (ending 31-Mar-2011) will be profitable following the return to positive EBITDAR in the 12 months ended 31-Mar-2010. So far its assessment is on track, with the carrier maintaining profitability at the EBITDAR level in the three months ended 30-Jun-2010, its first fiscal quarter. Kingfisher also returned overall EBITDA to a profit in the quarter and reduced net losses by about USD10 million. [1578 words]

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This report contains the following subheadings:

• Strong resurgence in Indian market
• Operating costs controlled where possible
• Domestic yields climb 12%
• International loss despite leap in yield
• Outlook: Debt burden the greatest obstacle

This report contains the following charts and tables:

• Kingfisher Airlines EBITDAR and EBITDA margins (%): 1QFY20109/10 vs 1QFY2010/11
• Kingfisher Airlines financial highlights for three months ended 30-Jun-2010
• Kingfisher Airlines cost growth: 1QFY2010/11
• Kingfisher Airlines revenue per ASK growth and cost per ASK growth in 1QFY2010/11: Domestic vs Int’l
• Kingfisher Airlines total, domestic and international seat factor: 1QFY2009/10 vs 1QFY2010/11
• Kingfisher Airlines ASK growth and RPK growth in 1QFY2010/11: Domestic vs Int’l
• Details of Kingfisher Airlines’ oneworld election