High average fares help AirAsia India trim June quarter loss to ₹15 cr
New Delhi: Low-cost carrier AirAsia India’s loss before tax narrowed to ₹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 ₹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 ₹904.74 crore in the latest June quarter.
