New Delhi: AirAsia India saw its net loss narrow to Rs 20.36 crore in the three months ended June amid the no-frills carrier raked in higher revenues during the same period.
It had a net loss of little over Rs 44 crore in the 2015 June quarter.
The airline is a joint venture between Tatas, which own 51 per cent stake, and Malaysia's AirAsia Berhad.
AirAsia India recorded a 73 per cent increase in revenue at Rs 189 crore in the latest June quarter, the Malaysian carrier said in a release today. The Indian carrier also carried more number of passengers in the same period compared to the three months ended June 2015.
"During the quarter (ended June 2016), AirAsia India posted a smaller net loss of Rs 203.63 million (narrowed by 56 per cent Year-on-Year)," the release said.
AirAsia's Group CEO Tony Fernandes said India is progressing very well in the past few quarters.
29/08/16 PTI/Business Standard
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It had a net loss of little over Rs 44 crore in the 2015 June quarter.
The airline is a joint venture between Tatas, which own 51 per cent stake, and Malaysia's AirAsia Berhad.
AirAsia India recorded a 73 per cent increase in revenue at Rs 189 crore in the latest June quarter, the Malaysian carrier said in a release today. The Indian carrier also carried more number of passengers in the same period compared to the three months ended June 2015.
"During the quarter (ended June 2016), AirAsia India posted a smaller net loss of Rs 203.63 million (narrowed by 56 per cent Year-on-Year)," the release said.
AirAsia's Group CEO Tony Fernandes said India is progressing very well in the past few quarters.
29/08/16 PTI/Business Standard
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