Saturday, August 25, 2012

NEWS| Kingfisher Airlines faces operational shutdown: Centre for Asia Pacific Aviation

"The uncertainly regarding the scale of Kingfisher's operations means that any outlook for the carrier's financial is very difficult to estimate, and its full year loss could be higher than expected," the report said. 

On Air India, CAPA said the airline would be able to cut losses for 2012-13 to around $one billion on improved domestic operations. It had earlier estimated the loss to be of $1.3 billion. 

AI's domestic revenue increased 6 per cent in the quarter under review from the corresponding quarter of last fiscal. It also achived third highest domestic market share in August at 18.2 per cent. 

"The national carrier needs to take advantage of the current domestic market conditions to focus on its restructuring by further reducing its cost base, improving productivity and solving its outstanding HR issues," the report said. 

SOURCE:http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-faces-operational-shutdown-centre-for-asia-pacific-aviation/articleshow/15639142.cms
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