Kingfisher Airlines' losses mount

Nov 08, 2013, 1:02 PM EST
kingfisher-airlines
AFP/Getty Images/SAJJAD HUSSAIN

Vijay Mallya’s grounded Kingfisher Airlines posted a loss of $114 million for the quarter ended September 30 on zero sales, compared with a loss of $120 million in the same period a year earlier. The airline hasn't flown since October 2012, when its operating licence was suspended by regulators following a strike by the airline’s employees. It has never reported a profit since its launch in 2005. In September, Mallya said he was in discussions with a potential foreign investor in the airline

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