Kingfisher Airlines reported a INR2.43 billion ($50 million) loss in its fiscal first quarter ended June 30, widened from a INR1.58 billion deficit in the year-ago period, according to Dow Jones. Revenue dropped 6% year-over-year to INR13.14 billion and the board reportedly approved a INR5 billion equity raising through a rights issue, follow-on offer or placement of deposit receipts. EBITDA was positive at INR2.54 billion compared to a INR3.24 billion loss in the quarter ended June 30, ...

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