AirAsia India net loss at Rs 140 crore for FY17

New Delhi: AirAsia India seems to jave started its ascent towards profitability, reporting a narrower loss for the fiscal year through March 2017.

The budget airline credited increased capacity and pricing strategy for the improved performance.

It posted a net loss of Rs 140 crore for the previous fiscal, which was 23% less than almost Rs 182 crore it reported in fiscal 2016. Revenue rose nearly 45% to Rs 952 crore.

The joint venture of Malaysia’s AirAsia Berhad and India’s Tata Sons that started operations in June 2014, continued to make losses in a market that is the fastest growing in the world. At the end of March, it had accumulated losses of Rs 485 crore.
25/08/17 Mihir Mishra/Economic Times

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Top-level exits: Five executives quit AirAsia India

New Delhi: No-frills carrier AirAsia India has been hit by another wave of top-level exits. After the departure of chief executive Mittu Chandilya last year and, more recently, CFO Arun Khanna, five of its functional heads have put in their papers, people close to the development said.

The head of human resources was asked to leave, one of the persons cited earlier said, adding that the other four — Navdeep Lamba (head of security), Vidhu Nair (head of ancillary and cargo), Nantha Kumar (head of engineering) and G Sampath (director of engineering) resigned on their own accord. “Among the five, Lamba and Nair left the airline within six months of joining,” he said.
An AirAsia India spokesperson declined to comment. Chief executive Amar Abrol did not respond to calls and messages seeking comment.

Another person, who did not want to be named, said the next head of human resources at AirAsia India is expected to come from the Tata Group. “The Tata Group is looking for an HR person in its own group and is likely to depute the person to AirAsia India,” he said.
25/08/17 Mishir Mishra/Economic Times

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AirAsia offers flight tickets starting from Rs 999 under promotional sale

Low cost carrier AirAsia India is offering all-inclusive tickets starting at Rs 999 for select one-way flights under a limited-period promotional scheme. According to the AirAsia website, '7 Days of Mad Deals' offer will allow flyers to book tickets from 21 August 2017 till 27 August 2017, and travel from 26 February till 28 August 2018. The bookings can be made via web and the AirAsia Mobile App.
However, the scheme comes with a rider as the website mentions that the offer requires flyers to make advance bookings and "fares are not available during embargo period".
Without divulging the total number of seats offered under the scheme, AirAsia India said: "Seats are limited and may not be available on all flights...Valid for new purchases only."
AirAsia India was offering tickets starting at Rs 999 for flights between Kolkata and Bagdogra, according to the website which was confirmed by a search on the AirAsia bookings portal.
22/08/17 Times of India

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AirAsia India Offers Rs. 1,399 Tickets In Limited-Period Scheme.

Amid airlines announcing fare discounts on the occasion of Independence Day, AirAsia India has announced all-inclusive tickets priced at Rs. 1,399 on select routes in a limited-period offer. Tickets under AirAsia India's new scheme, called "Dare to Dream" offer, can be booked till August 20, 2017, according to the airline's website. AirAsia India's special scheme requires flyers to make advanced bookings, it noted on its website. The AirAsia India offer is applicable on bookings made for travel till February 8, 2018, it added.

Under the AirAsia scheme, the lowest all-inclusive fare of Rs. 1,399 was being offered for one-way flights on the routes of Hyderabad-Bengaluru, Kochi-Bengaluru and Goa-Bengaluru. On the Bagdogra-Kolkata route, the tickets started at Rs. 1,499, according to AirAsia's website.
Starting fares offered on other routes included Rs. 1,599 on the Bhubaneswar-Kolkata and Ranchi-Kolkata routes, and Rs. 1,699 on the Guwahati-Imphal route. Tickets for flights between Kochi and Hyderabad, Hyderabad and Goa, Pune and Bengaluru, Visakhapatnam and Bengaluru, and between Srinagar and Delhi were being offered from Rs. 1,999, it showed.
15/08/17 NDTV

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AirAsia India associates with VIP 2 movie

AirAsia India announced partnership with VIP 2 Movie as the Associate Partner that is starring Dhanush and Kajol, produced by Kalaippuli S Dhanu and co-produced by Dhanush will be officially on the screens on August 11th.

Speaking about the association with AirAsia, Kalaippuli.S.Thanu from V Creations said, “VIP 2 has already generated a lot of buzz among the audience before its release.”
09/08/17 Voyager's World

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AirAsia India Independence Day Offer: Tickets Below Rs. 1,200

AirAsia India has announced tickets starting below Rs. 1,200 for one-way flights on select routes in a limited-period offer. Aimed at Independence Day on August 15, AirAsia India's promotional scheme - covering destinations including Bengaluru, Goa, Kochi, Kolkata Delhi and Pune - is applicable on travel till February 8, 2018. AirAsia India's offer requires flyers to make advanced bookings, which are open till August 13, 2017, according to the airline's website. AirAsia India, which has recently added new routes to its network, is a joint venture between Tata Sons and Malaysian carrier AirAsia.

While the lowest all-inclusive fare of Rs. 1,199 is being offered on the Hyderabad-Bengaluru route under the scheme, tickets starting at Rs. 1,399 are available on some flights - Bhubaneswar-Kolkata, Ranchi-Kolkata, Kochi-Bengaluru and Guwahati-Imphal, according to the AirAsia website.

A search on the AirAsia bookings portal on Tuesday showed all-inclusive tickets (including GST or Goods and Services Tax) priced at Rs. 1,199 were available for month-end flights from Hyderabad to Bengaluru.
08/08/17 NDTV

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HC pulls up Vistara, AirAsia lawyer for comment against Swamy

New Delhi: The Delhi High Court today pulled up one of the lawyers appearing for AirAsia India and Vistara airlines for terming BJP leader Subramanian Swamy’s arguments for suspending their flying licences as a “publicity stunt”.
While the BJP leader responded to the comment by saying he has “no lack of publicity”, a bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar disapproved of the conduct after which the woman lawyer apologised.
“We do not approve of such conduct in our court. You cannot make such comments merely because he is a public figure,” the bench said.
The strong remarks by the bench came when during the hearing the lawyer, who was appearing for one of the two private airlines, said the points that Swamy was making were for publicity.
Swamy was arguing that the flying licences granted to the carriers, which are joint ventures of Tata Group with Malaysia based AirAsia Berhad and Singapore Airlines, were in violation of the government’s policy on foreign investment.
04/08/17 PTI/India.com

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AirAsia India expands Kolkata services

AirAsia India has celebrated the beginning of August with the launch of five new domestic routes. Four are from Kolkata (CCU). Sector lengths range from 380 kilometres on the Kolkata to Bhubaneswar route to 1,355 kilometres for the Jaipur (JAI) route. IndiGo already serves all five of these sectors with multiple daily flights. On the Delhi (DEL) route AirAsia India becomes the eighth carrier to connect the two major cities. According to AirAsia its Indian subsidiary operated with a load factor of 90% in 2017 Q2 and carried just over one million passengers, up 89% compared with the same period in 2016. Capacity was up only 83% resulting in a three percentage point improvement in load factor. The average sector length fell 21% to 989 kilometres. A total of 11 180-seat A320s are now operated by the LCC, with three having been added this summer, all of which were formerly operated by Frontier Airlines in the US according to Planespotters.net. In total AirAsia India now operates 25 domestic routes in India.
4/08/17 anna.aero

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AirAsia India adds another A320 to its fleet

No-frills carrier AirAsia India today said it has added one more Airbus A320 plane in its fleet, taking the total number of aircraft to 12, and also announced the launch of services on Jaipur-Hyderabad route from next month.

The airline has also added an additional flight on Bengaluru–Bhubaneshwar and Kolkata–Bhubaneshwar routes, a release today said.

As a part of its fleet expansion plans, AirAsia India has inducted its 12th aircraft, which will be stationed in Bengaluru, the airline said.

The Jaipur-Hyderabad flight, being launched in line with the government's regional connectivity scheme, and the additional services to Bhubaneswar and from Bengaluru and Kolkata will commence operations from September 1, it said.

The bookings for all the new sectors are open for sale from today, it said.
01/08/17 PTI/moneycontrol.com

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