AirAsia quarterly loss dips to Rs 7.8 cr

On the back of higher passenger load, low-cost carrier AirAsia India on Thursday said it further narrowed its net loss in the March quarter to Rs 7.9 crore, while revenue soared 179 per cent to Rs 196 crore.

The airline had reported a net loss of Rs 26 crore in the December quarter and Rs 65 crore in the July-September period.

The airline, a joint venture between the Malaysian parent and the Tata Group, said the improvement in bottomline was driven by strong capacity growth of 110 per cent.

AirAsia India had began operations in June 2014 and is not a publicly traded company.

In the December quarter, the airline had reported lower losses at Rs 26 crore while its revenue grew 232 per cent to Rs 208 crore and capacity by 133 per cent.

The airline said during the March quarter, the average fare rose steadily by 12 per cent to Rs 3,155 while ancillary revenue per passenger grew by 115 per cent to Rs 502.