AirAsia India’s loss in April-June quarter widens to ₹332 crore

AirAsia India, a joint venture between Tata Sons and AirAsia Berhad, saw its losses widen to ₹332 crore during April-June 2020 period primarily due to the lockdown and travel restrictions to contain the covid-19 pandemic.

The Bangalore-headquartered airline had reported ₹15.11 crore loss during the same period of the previous year.

During the April-June 2020 period, AirAsia India’s revenue stood at ₹90.08 crore, down 91% from the same period of the previous year, according to data posted on the website of its Malaysian parent.

Due to the covid-19 pandemic, and a resulting muted travel demand, the number of passengers travelling by the airline fell by a massive 92% on an annual basis during the April-June 2020 period to 190,395 passengers.

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