The airline’s results come days after it sought government help and asked its banks to increase credit limits.
The airlines quarterly sales of 15.3 billion rupees ($303 million) were up from 13.8 billion rupees ($274 million) in the same period of 2010.
Kingfisher’s net loss in the quarter ended Sept. 30 last year was 2.31 billion rupees ($46 million).
The airline, partly owned by brewery tycoon Vijay Mallya, has blamed India’s high landing tariffs and fuel taxes in a market already struggling under the burden of high fuel costs, price wars and an 11 percent drop in the value of the Indian rupee over the past year.
Over the weekend, Prime Minister Manmohan Singh suggested that he would look into the issue, but he did not say what actions might be considered, Indian media reported.
Kingfisher’s sudden cancellation of more than 200 flights over the past week comes after years of lobbying by the Indian airline industry for lower tariffs and landing fees to help them compete with increased international competition.
Kingfisher is India’s second-largest carrier and has been in the red since beginning operations in 2005.
Its creditor banks — including SBI, ICICI Bank, IDBI Bank and Punjab National Bank — have been discussing a possible restructuring of the airline’s debts of more than $1.4 billion.
The airline’s CEO, Sanjay Aggarwal, has said the carrier would stop running unprofitable flights after posting $228 million in losses last year.
Last week’s canceled flights were part of a wider cost-saving plan to reduce daily flights from 340 to 300, he said, adding that new schedules would be posted online soon.
