AirAsia India expects revenue to double this year, triple in 2018 | Reuters

DUBAI (Reuters) - Budget carrier AirAsia India expects revenue to double to 12 billion Indian rupees ($186 million) this calendar year, and triple to 18 billion rupees in 2018, its chief executive said on Tuesday. A man walks past the logo of AirAsia at Don Muang International Airport in Bangkok, Thailand, June 14, 2016.

Reuters November 28, 2017 21:53:10 IST
AirAsia India expects revenue to double this year, triple in 2018 | Reuters

AirAsia India expects revenue to double this year triple in 2018  ReutersDUBAI (Reuters) - Budget carrier AirAsia India expects revenue to double to 12 billion Indian rupees ($186 million) this calendar year, and triple to 18 billion rupees in 2018, its chief executive said on Tuesday. A man walks past the logo of AirAsia at Don Muang International Airport in Bangkok, Thailand, June 14, 2016. REUTERS/Chaiwat Subprasom/File PhotoThe airline, a tie-up between Malaysia’s AirAsia Bhd and India’s Tata Sons conglomerate, made revenue of 6 billion rupees in 2016, Chief Executive Amar Abrol told reporters at an industry conference in Dubai. Air passenger traffic in India, the world’s fourth biggest market, is growing at over 20 percent annually. Abrol declined to say when the airline expected to turn a profit, but said it was targeting to launch its first international route in January 2019 which would most likely be to either Malaysia or Thailand. Under new rules, domestic airlines can fly overseas as long as they deploy 20 aircraft or 20 percent of capacity in India, whichever is higher. Airlines previously had to wait five years before they were permitted to fly on foreign routes. AirAsia India’s fleet will increase to 21 Airbus A320 jets by the end of next year, up from 13 today, Abrol said.

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Pulitzer Prize-winning photojournalist Danish Siddiqui killed in Afghanistan: Politicans, journalists pay tributes
India

Pulitzer Prize-winning photojournalist Danish Siddiqui killed in Afghanistan: Politicans, journalists pay tributes

The Pulitzer prize winner, who was in Kandahar covering operations against Taliban, was killed when he was riding along with the Afghan Special Forces

Indian photojournalist Danish Siddiqui killed during assignment in Afghanistan's Kandahar province
India

Indian photojournalist Danish Siddiqui killed during assignment in Afghanistan's Kandahar province

Siddiqui had also covered the 2020 Delhi riots, COVID-19 pandemic, Nepal earthquake in 2015 and the protests in Hong Kong

Danish Siddiqui's passing is a reminder of the high price one pays for showing the truth
India

Danish Siddiqui's passing is a reminder of the high price one pays for showing the truth

Danish's photographs were not just documentation, but the work of someone who went down to eye-level, as they say in photographic parlance.