Tuesday, September 03, 2019

High average fares help AirAsia India trim quarterly loss

New Delhi: Low-cost carrier AirAsia India's loss before tax narrowed to Rs 15.1 crore in the three months to June, mainly on the back of higher average fare and increase in passenger numbers.
The airline -- a joint venture between Tatas and Malaysia's AirAsia Berhad -- had a loss before tax of Rs 61.82 crore in the year-ago period.
In a recent filing to the Malaysian stock exchange, AirAsia Berhad said that AirAsia India recorded a total revenue of Rs 904.74 crore in the latest June quarter.
The revenue is around 39 per cent higher than the amount registered during the same period a year ago.
"Loss before tax narrows to Rs 151.1 million compared to Rs 618.2 million in 2Q18 mainly attributable to the higher average fare, load factors and number of passengers carried," the filing said.
03/09/19 PTI/Economic Times
To Read the News in full at Source, Click the Headline


Post a Comment