Kingfisher Airlines heading in right direction, predicts profitable 2010/11

Kingfisher Airlines has budgeted for a profitable year in 2010/11 (ending 31-Mar-2011) driven by a sustained recovery in demand (especially premium traffic) and further significant reductions in costs. This assessment comes as the airline moved into positive territory at the EBITDAR level for the 12 months ended 31-Mar-2010, although its massive expenditure on aircraft leases (including grounded aircraft) resulted in (reduced) losses at the EBITDA and net levels. [796 words]

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This report contains the following subheadings:

• Signs of recovery – at last
• Cost controls help contain losses
• Domestic improvement
• International start-up losses
• Outlook: Further improvements ahead

This report contains the following charts and tables:

• Kingfisher Airlines EBITDAR and EBITDA margins (%): FY08/09 vs FY09/2010
• Kingfisher Airlines total costs growth: FY09/2010
• Kingfisher Airlines revenue per RPK growth and cost per ASK growth in FY09/2010: Domestic vs Int’l
• Kingfisher Airlines domestic seat factor and int’l seat factor: FY08/09 vs FY09/2010
• Kingfisher Airlines ASK growth and RPK growth in FY09/2010: Domestic vs Int’l