Kingfisher posted 1150 Crore loss

Vijaya Mallya owned, Kingfisher Airlines has posted Rs11.5 billion loss in the last  quarter of year 2011-2012.

This loss is tripled in the fourth quarter from a year earlier. Airlines is hit by high fuel prices, competition on lower fares and disturbed operation.

Kingfisher Stock has lost 5.43% in NSE and closed at 10.45 Rs, near to lowest price of stock in a year.

Photo : AFP PHOTO/Manan VATSYAYANA/FILES