Kingfisher leads loss-making list of carriers with Rs 1602cr

The Vijay Mallya-led Kingfisher Airlines led the chart of the loss-making carriers by reporting a massive Rs 1,602 crore in losses in 2008-09,followed by Jet Airways with a loss of Rs 1,032 crore.

However on the positive side,the low-cost operators –IndiGo and Paramount Airways– managed to register profit during the last fiscal,despite a negative growth of 4.66 per cent in the aviation sector in 2008.

The balancesheet of IndiGo was in the green with a profit of Rs 82.16 crore while the Chennai-based Paramount had a profit of Rs 7.26 crore,Patel said in a written reply to a question in the Lok Sabha.

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Other budget airlines – SpiceJet and GoAir- suffered losses of Rs 352.50 crore and Rs 22.55 crore respectively,he added.

Meanwhile,the cash-strapped the national carrier Air India also reported a loss of Rs 2,226 crore during 2007-08,minister said,adding the airline also incurred a loss of Rs 65 crore during the five-day stir by its senior pilots this September protesting against the management decision to slash flying-related allowances and productivity-linked incentives.

In 2008,41.3 million passengers travelled by air compared to 43.3 million the previous year. However,between January and October this year,domestic passenger traffic grew by 3.32 per cent.

Prashant Kishor: ‘Democracy not weak… Those saying people will lose vote rights are fools’

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Political strategist-turned-politician Prashant Kishor launched his Jan Suraaj Party (JSP) after three years touring Bihar. The coming Assembly polls will be the first test of his goal to emerge as the third alternative in Bihar politics. Kishor speaks to The Indian Express about his party’s campaign, and the issues being raised by his rivals.

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