With 18 days of operations, AirAsia India sees Rs 26-cr loss


AirAsia has reported a net loss of 13.8 million Malaysian ringgit (about Rs 26 crore) for its Indian joint venture operations for the quarter ended June. The losses are primarily because the venture operated only for 18 days in June, with only two flights.

For the quarter ended June, Jet Airways and SpiceJet posted losses of Rs 217 crore and Rs 124 crore, respectively.

AirAsia India, a joint venture of Malaysian low-cost airline AirAsia, the Tata group and Telestra Tradeplace, commenced operations with a Bangalore-Goa flight on June 12.

Full report here Business Standard


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