The momentum in aviation industry has continued with a strong demand
growth of 20% in FY11. Kingfisher effectively capitalized on this
growth to achieve a 10 percentage point increase in domestic load
factor. Industry experienced an increase of 6 percentage points for
the same period.

Kingfisher Airline’s total revenue for FY11 was Rs. 6,496 crores which
is a 23% improvement over FY10. Higher demand and stable yields
combined with higher aircraft utilization contributed to the revenue
growth.

Kingfisher Airlines reported an operating EBITDA profit of Rs. 140
crore in FY11 compared to a loss of Rs. 690 crore in FY11. This is an
improvement of Rs. 830 crore. Several cost reduction initiatives and
growing maturity of international routes were the major contributors
to the improvement.

The EBITDA margin for the year was 2.2%, despite an extra-ordinary
cost impact of Rs. 220 crore which has been charged off in the P&L.

Net loss as a percentage of total revenue reduced from 31.3% to 15.8%
in FY11. Besides the improvement in operating performance, this was a
result of the debt recast which was completed in December 2010.

Domestic operations saw a Revenue per Available Seat Kilometer (RASK)
improvement of 19% whereas the International RASK improved by 43%.

Despite a 15% increase in fuel cost, EBITDA CASK (Cost per Available
Seat Kilometer) reduced by 2.4%. Excluding the impact of fuel, EBITDA
CASK reduced by 10.1%. Kingfisher, during the year, implemented
initiatives that lowered sales and distribution cost and overhead
expenses.

For the fiscal year 2011, EBITDAR was Rs. 1,124 crore vs. Rs. 404
crore in FY10. This was an improvement of Rs. 720 crore. EBITDAR
margin for the year was at 17.3% vs. last year at 7.7%.

Kingfisher remains “India’s favorite airline” and the single largest
carrier in domestic industry with a market share of 20%.