Kingfisher Airlines widens 1QFY2012 loss

Kingfisher Airlines reported a widened net loss of INR2.64 billion (USD58.3 million) in 1QFY2012 (three months ended 30-Jun-2011) compared with a loss of INR1.87 billion (USD41.5 million) a year earlier, due to increased fuel costs, intense competition in the domestic market and a shift in the market towards low fare travel. These factors have negatively impacted margins and offset increased revenues from higher demand levels, load factors and yields and a debt recast that has helped reduce interest costs. [1745 words]

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This report contains the following subheadings:

• Kingfisher Airlines profitable at the EBTIDAR and EBITDA levels
• 3.4 million passengers; load factor of 83% in 1Q
• Growth momentum continues in domestic market but profits weaken
• Kingfisher to convert some short-haul domestic aircraft into all-economy
• Growing maturity of international routes major contributor to improved international results
• Kingfisher Airlines' founders pledge entire stake. Debt restructuring provides relief
• Kingfisher Airlines confirms oneworld joining date of Feb-2012
• Preparing for first profitable year

This report contains the following charts and tables:

• Kingfisher Airlines EBITDAR margin and EBITDA margin: 1QFY2011 vs 1QFY2012
• Kingfisher Airlines financial/traffic highlights for the three months ended Jun-2011
• Kingfisher passenger numbers and passenger load factor: 1QFY2011 vs 1QFY2012
• Kingfisher total revenue per ASKM and cost per ASKM: 1QFY2011 vs 1QFY2012
• Kingfisher Airlines operating parameters: 1QFY2012
• Domestic industry and Kingfisher Airlines passenger levels: Jul-2009 to Jun-2011
• Domestic operating parameters: 1QFY2012
• Kingfisher Airlines international vs domestic capacity (seats) share (08-Aug-2011 to 14-Aug-2011)
• Kingfisher Airlines international operating parameters: 1QFY2012
• Shares Comparison for Kingfisher Airlines, SpiceJet, Jet Airways for the Last 12 Months