Kingfisher Airlines slumps on continued labour unrest

Shares in Kingfisher Airlines dropped sharply on Wednesday, after slumping nearly 5 per cent in each of the previous two sessions. The debt-laden carrier cancelled all flights through Thursday because of labour unrest and has been asked to submit a revival plan before it can fly again. Kingfisher shares closed 4.9 per cent lower at Rs 14.60, down almost by its daily limit move of 5 per cent. Last week, the BSE had halved its cir...