Aviation

AirAsia making money on 4 out of 5 routes in India: CEO

JAIPUR

AirAsia India is making profits on four out of the five routes it operates in the country, CEO Mittu Chandilya told the Hindu Business Line. He mentioned that the Bengaluru-Chennai route is the carrier’s only loss-making route with fares being have to kept low on account of competition.

“In this (Bengaluru-Chennai) route, the competition is high from buses, trains and other carriers. This is telling on our pricing,” Chandilya said, on the sidelines of the SITA India Aviation ICT Forum in Jaipur yesterday. The low-cost carrier currently offers services from Bengaluru to Goa (two daily flights), Kochi, Jaipur, Chandigarh, and Chennai.

Chandilya said AirAsia is on track to break even next year with its six aircraft set get inducted into service. Currently, the company operates with two Airbus A320 aircraft. It expects to take delivery of its sixth aircraft by early 2015.

AirAsia India is set to unveil two routes next week. “We have a list of top 12 destinations that we wish to fly to, and we keep looking at it regularly. We have begun work on two new routes, and services should begin in a month,” Chandilya said.

 

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