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Mumbai, Tuesday, 22 July 2010:The Aviation Industry has experienced a strong resurgence of domestic demand in Apr-Jun ’10. Kingfisher has capitalized on this growth and has seen a 12 percentage points increase in load factors to 81% from 69%, and a 5% improvement in yields over the same quarter last year.
The increase in loads and yields, coupled with several cost reduction initiatives has led Kingfisher to generate a substantial operating profit of Rs. 127 Cr which is an improvement of Rs. 198 Cr over Apr-Jun’09.
The loss after tax for the year has reduced by Rs 50 Cr (Rs 187 Cr vs. Rs 237 Cr in the previous year).
This performance has been delivered despite an extraordinary cost impact of more than Rs 35 Cr due to the uncontrollable grounding of aircraft.
| Q1 FY11 Performance | |
| • | On an overall basis, the Company has incurred an EBITDA profit of Rs. 127 Cr in Q1 FY 11 vs. a loss of Rs 71 Cr during the same period of the previous year – an improvement of Rs. 198 Cr. |
| • | The Company posted a positive 22% EBITDAR margin of Rs. 367 Cr as against a profit of Rs. 226 Cr in the corresponding quarter of the previous financial year- an improvement of Rs. 141 Cr. |
| • | EBITDA profit of Rs 177 Cr (despite accounting for Rs. 35 Cr costs of grounded aircrafts) for its domestic operations, compared to a profit of Rs. 76 Cr in the same period of the previous year – an improvement of Rs. 101 Cr. The domestic EBITDA margin also improved from 6% to 13% |
| • | This performance was despite intense competition and a 14% reduction in KFA capacity in terms of seats offered. |
| • | Kingfisher Airlines continues to remain “India’s favorite airline” and the only five star rated airline in India (as per Skytrax) and the single largest carrier in the domestic industry with a market share of 21.1% in Q1 FY 2011. |
| • | Quarterly Financial Q1FY1 Results – 30th June 2010 (1MB) |
| • | Financial Results – Q1F11 – a Presentation (197 KB) |
Members of the media in India may contact Shefali Mehta / Sabina Lama, IPAN Hill and Knowlton
Tel: 022-40661781 / 40661779
Email: [email protected] / [email protected].
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