Kingfisher Airlines incurs Rs 716-cr loss

Kingfisher Airlines, which has been grounded since October 2012, has posted a loss of Rs 715.56 crore in the second quarter of the current fiscal compared with the corresponding quarter loss of Rs 753.55 crore last year. Revenues were, however, nil in Q2 compared with Rs 200 crore during the same period last year. The EPS stood at Rs 9.01. The company has accumulated losses of Rs 16,023.46 crore as of March 31, 2013.