Friday, September 04, 2015

CEO: AirAsia India to be profitable next year

Kuala Lumpur: AirAsia India, which posted a net loss of Rs44.15 crore (RM28mil) will be profitable from December onwards, AirAsia Bhd group chief executive officer Tan Sri Tony Fernandes said.

“When you start an airline, your are not gonna make money in the first year, so we have predicted to make losses,” he said when asked on AirAsia’s unit in India.

AirAsia India, which started its operations in June last year registered a revenue of Rs115 crore (RM73.02mil) for the three months to June 30.

The airline flew over 300,000 passengers in the quarter.

However, Fernandes was confident that the unit would be profitable in December.

But now we are confident of making profit in December, and 2016 is also going to be a good year for us, he said after launching AirAsia’s latest route, which is Kuala Lumpur-Goa, India here, yesterday.
04/09/15 The Star
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