New Delhi: In signs that AirAsia India's target of achieving break even
in the first year of operations might take longer, the no-frills carrier
has reported a loss of Rs 19 crore in the first three months of 2015.
The carrier, which started its operations in India last June, raked in Rs 74.39 crore in the January-March period.
AirAsia India is a joint venture in which AirAsia Berhard owns 49 per cent, Tata Sons has 30 per cent and the rest is with Arun Bhatia's Telestra Tradeplace.
The financial numbers for India operations have been disclosed by AirAsia Berhard while announcing the results for the 2015 March quarter this week.
Read news in full 31/05/15 PTI/Economic Times
The carrier, which started its operations in India last June, raked in Rs 74.39 crore in the January-March period.
AirAsia India is a joint venture in which AirAsia Berhard owns 49 per cent, Tata Sons has 30 per cent and the rest is with Arun Bhatia's Telestra Tradeplace.
The financial numbers for India operations have been disclosed by AirAsia Berhard while announcing the results for the 2015 March quarter this week.
Read news in full 31/05/15 PTI/Economic Times
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