Kingfisher Airlines reported a INR4.2 billion ($90.9 million) loss in its third fiscal quarter ended Dec. 31, widened 1.7% from INR4.13 billion in the year-ago period, with about half of the deficit resulting from one-time exceptional items and foreign exchange losses. Third-quarter revenue fell 5% to INR13.7 billion and operating expenses were cut 17% to INR14.48 billion. Employee and fuel costs decreased 22% and 20% respectively, but INR2.18 billion in exceptional items (compared to INR470 ...

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