AirAsia India says it expects to double the annual revenue in the coming financial year, 2017-18.
However, profitability will remain under pressure as it invests in new planes, routes and hiring of more people, said chief executive Amar Abrol.
Revenue was Rs 658.8 crore in 2015-16. The airline, joint venture of Tata Sons and Malaysia’s AirAsia, has eight aircraft and will add six more this calendar year. The aim is 20 by the winter schedule of 2018, the qualification for applying to ply abroad. Which is when we will get to international operations, said Abrol.
The airline expects to increase passenger numbers to 4.8 million in 2017-18, from 2.4 mn now. Abrol said it was being helped by feed from Malaysia and Thailand, where AirAsia Bhd (the parent) has strong hubs. "We have a fly-through product which allows passengers to travel, for example, from Kuala Lumpur to Srinagar via Delhi We are building on that," he said.
It will hire as it increases operations. The airline recently took on 10 foreign pilots and will have personnel of 1,731 by the end of 2017-18, from 1,021 currently.
To Read the News in Full 09/02/17 Arindam Majumder & Aneesh Phadnis/Business Standard
However, profitability will remain under pressure as it invests in new planes, routes and hiring of more people, said chief executive Amar Abrol.
Revenue was Rs 658.8 crore in 2015-16. The airline, joint venture of Tata Sons and Malaysia’s AirAsia, has eight aircraft and will add six more this calendar year. The aim is 20 by the winter schedule of 2018, the qualification for applying to ply abroad. Which is when we will get to international operations, said Abrol.
The airline expects to increase passenger numbers to 4.8 million in 2017-18, from 2.4 mn now. Abrol said it was being helped by feed from Malaysia and Thailand, where AirAsia Bhd (the parent) has strong hubs. "We have a fly-through product which allows passengers to travel, for example, from Kuala Lumpur to Srinagar via Delhi We are building on that," he said.
It will hire as it increases operations. The airline recently took on 10 foreign pilots and will have personnel of 1,731 by the end of 2017-18, from 1,021 currently.
To Read the News in Full 09/02/17 Arindam Majumder & Aneesh Phadnis/Business Standard
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