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Business & Finance

Indian airline Kingfisher announces widening losses

Published Updated

 MUMBAI: Kingfisher Airlines said Tuesday it had doubled its losses in the July-September quarter as its billionaire chief Vijay Mallya was set to announce plans to keep the Indian company afloat.

 

India's second largest airline by market share showed a net loss of 4.69 billion rupees ($95 million) for the second quarter, against a loss of 2.31 billion rupees in the same period a year earlier.

Copyright AFP (Agence France-Presse), 2011

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