{"id":294033,"date":"2019-09-27T11:20:20","date_gmt":"2019-09-27T05:50:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=294033"},"modified":"2019-09-27T11:20:20","modified_gmt":"2019-09-27T05:50:20","slug":"air-asia-india-losses-rise-five-fold-in-fy19","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-asia-india-losses-rise-five-fold-in-fy19\/","title":{"rendered":"Air Asia India losses rise five fold in FY19"},"content":{"rendered":"<p>Losses at AirAsia India, the joint venture between Tata Sons and Malaysia\u2019s AirAsia Berhad, widened five fold to Rs 670 crore in 2018-19 because of high fuel costs, weak rupee and competitive fares. The airline had reported a loss of Rs 125 crore in FY18, according to the data available with the Ministry of Corporate Affairs.<\/p>\n<p>AirAsia India\u2019s peers also posted weak results in FY19 amid a tough operating environment. While profits at IndiGo dipped 93% Y-o-Y to Rs 156 crore in FY19, SpiceJet posted Rs 316-crore loss for the year ended March 31, against a Rs 566-crore profit a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Losses at AirAsia India, the joint venture between Tata Sons and Malaysia\u2019s AirAsia Berhad, widened five fold to Rs 670 crore in 2018-19 because of high fuel costs, weak rupee and competitive fares. The airline had reported a loss of Rs 125 crore in FY18, according to the data available with the Ministry of Corporate Affairs. AirAsia India\u2019s peers also posted weak results in FY19 amid a tough operating environment. While profits at IndiGo dipped 93% Y-o-Y to Rs 156 crore in FY19, SpiceJet posted Rs 316-crore loss for the year ended March 31, against a Rs 566-crore profit a [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-294033","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=294033"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294033\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=294033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=294033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=294033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}