Expanding AirAsia India suffers Q3 loss
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AirAsia India has posted a loss of INR611.5 million (US$9.1m) for the three months ending 30 September 2015, despite rising passenger traffic and revenues.
The low-cost carrier has significantly expanded its operations over the last 12 months, with a 225% year-on-year increase in passenger numbers (to 410,000) driving a 114% increase in revenues, which reached INR1.31 billion for the quarter.
The low-cost carrier increased its seat capacity by 221% year-on-year, while load factors averaged 76%. Ancillary revenues jumped 253% to INR470m.
AirAsia’s group CEO, Tony Fernandes said he would continue to expand the Indian airline’s operations in future.
“Our operations in India are geared to grow further after a year in service as we believe our low fares and excellent product appeals to travellers in India who remain underserved by air travel,” Fernandes said.
“AAI… will continue with its growth plan, adding in more aircraft to be based at its current two hubs in Bengaluru and Delhi. The associate will work towards keeping its cost under check, with increased focus on ancillary revenue,” he added.
AirAsia India now operates a fleet of six Airbus A320 aircraft to and from destinations including Delhi, Bengaluru, Visakhapatnam, Guwahati, Goa, Kochi, Pune and Jaipur.
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