Budget carrier AirAsia India narrowed its loss to ₹123.35 crore in three months to December from ₹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 ₹1,057.55 crore as compared with ₹641.17 crore in the same period of the 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 the average fare.
