Aviation · Travel

Air Asia India reports quarterly loss in July September.

Air Asia India reports a quarterly loss of 41.3 million between the period July & September .The amount has trebled as compared to last year in the same period. The company doubled its revenue to 131 .2 crore . The airline carried 4,16,182 passengers in the period while it increased its net passenger carrying capacity by 221% to 545,760 seats. The load factor increase was low at 1 % though which shows that the airline is not in great demand as compared to other airlines. These results are not in sync with the company’s esteemed founder Tony Fernandes who said that the company will make some profit in October December period. Earlier he said “There is only one profit in my mind and that is net profit.”

These are not the good times of the company as the airline as posted losses in most of  its sectors in various countries like Malaysia, Indonesia, Phillipines and Japan. The company made profit only in Thai Air Asia only .

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