Budget carrier AirAsia India narrowed its loss to Rs 123.35 crore in three months to December from Rs 166.15 crore in Q4FY18 owing to higher fuel and staff costs coupled with increased user charges and other related expenses, as per a company presentation.
The Bengaluru-based airline, which is a joint venture between Tata Sons and Malaysian airlines group AirAsia’s investment arm, AirAsia Investment Ltd, follows January-December financial year.
Total revenue during December quarter jumped 65 per cent to Rs 1,057.55 crore as compared with Rs 641.17 crore in the same period of financial year 2018, aided by higher average fare and capacity, the airline said.
Revenue grew on the back of a 38 per cent increase in capacity and 19 per cent rise in average fare.
