Kingfisher Airlines Net Loss Widens - Wall Street Journal

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Kingfisher Airlines Net Loss Widens - Wall Street Journal

BY ANIRBAN CHOWDHURY

MUMBAI – Kingfisher Airlines Ltd.'s auditors have again raised concerns about its ability to continue operations, as the carrier's net loss widened in the fiscal third quarter.

The airline, owned by liquor baron Vijay Mallya, hasn't reported a profit since its inception in 2005, and is facing a severe cash crunch with lenders refusing to give it loans to fund operations.

Kingfisher, the third-largest Indian airline by the number of ...

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