Kingfisher Airlines Posts Wider FQ1 Net Loss

Kingfisher Airlines Ltd reported a wider loss in its fiscal first quarter. Kingfisher posted a quarterly net loss of 6.51 billion rupees ($117.8 million), versus a year-ago loss of INR2.64 billion. Its sales tumbled 84% to INR3.01 billion, while interest costs gained 25% to INR3.83 billion.