AirAsia India CE Amar Abrol says airline to achieve breakeven by 2019
Air Asia India is likely to break-even or report profit by 2019 despite substantial rise in fuel and staff cost which took a toll on its bottom-line during January-March quarter of the current calendar year which is Q1 of its financial year. Apart from expanding in the domestic market, the management is in the process of finalising the plan for the international operations which is expected to start by the end of next year. The carrier is also focussed on increasing the fleet size and utilisation of its existing A320 aircraft besides enhancing profit margins by improving its offering for corporate travelers. CE Amar Abrol said that the airline will continue to invest in the right products and is adequately funded to expand its domestic operations. “Financially we are headed in the right direction and confident of breaking even by 2019." <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-26/unaligned/airasia-india-ce-amar-abrol-says-airline-to-achieve-breakeven-by-2019
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AirAsia India CE Amar Abrol says airline to achieve breakeven by 2019
Air Asia India is likely to break-even or report profit by 2019 despite substantial rise in fuel and staff cost which took a toll on its bottom-line during January-March quarter of the current calendar year which is Q1 of its financial year. Apart from expanding in the domestic market, the management is in the process of finalising the plan for the international operations which is expected to start by the end of next year. The carrier is also focussed on increasing the fleet size and utilisation of its existing A320 aircraft besides enhancing profit margins by improving its offering for corporate travelers. CE Amar Abrol said that the airline will continue to invest in the right products and is adequately funded to expand its domestic operations. “Financially we are headed in the right direction and confident of breaking even by 2019." <br/>
