Kingfisher posts Q2 net loss of 4.19bn rupees

"India's Kingfisher Airlines has narrowed its losses in its second fiscal quarter due to its cost control measures. In the three months ending 30 September, the airline had a net loss of 4.19 billion rupees ($89 million) compared to a net loss of 4.83 billion rupees in the corresponding period a year before. In terms of expenses, aircraft lease costs remained virtually unchanged at 2.8 billion rupees but employee costs were 18% lower at 1.7 billion rupees and aircraft fuel costs were 44% lower at 4.6 billion rupees." Flightglobal