Kingfisher Airlines, which has been grounded since October, posted a fourth-quarter net loss of Rs 2141.80 crore as against Rs 1151.63 crore in the similar quarter of the previous year. The company reported no income for the quarter against Rs 1367.71 crore in March quarter of previous year. It owes an estimated Rs 13000 crore to banks, staff, airports and oil companies.
For FY13, the private carrier reported widened net loss of Rs 4301.12 crore as compared to Rs 2328.00 crore in FY12. Meanwhile, total income from operations declined by 89.25% at Rs 601.38 crore in the year as compared to Rs 5590.43 crore in the previous year.
