Mumbai: AirAsia India nearly doubled its quarterly net loss in October-December impacted by higher costs, even as its main shareholder AirAsia Berhad swung to a profit.
The carrier, its Malaysian shareholder's joint venture with Tata Sons, posted a net loss of 23.4 million Malaysian Ringgits (Rs 38.2 crore) from a net loss of 12.7 million Malaysian Ringgits (Rs 20.8 crore), according to AirAsia Berhad's filing with Bursa Malaysia, the Kuala Lumpur based stock exchange.
Revenue rose more than three times to Rs 208.46 crore.
In this period, its fleet size doubled to 6 planes and capacity as well as passengers carrier increased by more than two-fold.
AirAsia Berhad owns 49% in the airline while Tata Sons owns 41 per cent. The rest is owned by Arun Bhatia of Telestra Tradeplace.
27/02/16 Anirban Chowdhury/Economic Times
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The carrier, its Malaysian shareholder's joint venture with Tata Sons, posted a net loss of 23.4 million Malaysian Ringgits (Rs 38.2 crore) from a net loss of 12.7 million Malaysian Ringgits (Rs 20.8 crore), according to AirAsia Berhad's filing with Bursa Malaysia, the Kuala Lumpur based stock exchange.
Revenue rose more than three times to Rs 208.46 crore.
In this period, its fleet size doubled to 6 planes and capacity as well as passengers carrier increased by more than two-fold.
AirAsia Berhad owns 49% in the airline while Tata Sons owns 41 per cent. The rest is owned by Arun Bhatia of Telestra Tradeplace.
27/02/16 Anirban Chowdhury/Economic Times
