AirAsia India reports USD9.4m operating loss in 3Q2015

AirAsia India revenue up 114% - financial highlights for three months ended 30-Sep-2015:

• Revenue: INR1312 million (USD20.2 million), +114% year-on-year;
• Costs:
• • Fuel: INR696.3 million (USD10.7 million), +94.6%;
  • Labour: INR289.3 million (USD4.5 million), +13.9%;
• Operating profit (loss): (INR611.5 million) (USD9.4 million), compared to a loss of INR509.8 million (USD7.9 million) in p-c-p;
• Profit (loss) after tax: (INR652.6 million) (USD10.1 million), compared to a loss of INR529.7 million (USD8.2 million) in p-c-p;
• Passenger numbers: 416,182, +225%;
• Load factor: 76%, +1 ppt;
• Revenue per ASK: INR198.07 (USD 3.1 cents), -12%;
• Cost per ASK: INR290.26 (USD 4.5 cents), -50%;
• Cost per ASK excl fuel: INR185.22 (USD 2.9 cents), -49%;
• Average stage length: 1208 km, +130%;
• Total assets: INR1826 million (USD28.1 million);
• Cash and short-term deposits: INR926.9 million (USD14.3 million);
• Total liabilities: INR2633 million (USD40.5 million). [more - original PR]

*Based on the average conversion rate at UD1 = INR64.9396