AirAsia India to double revenue, traffic this year

However, profitability to remain under pressure due to the investment in building of capacity

AirAsia India says it expects to double the annual revenue in the coming financial year, 2017-18. 

However, profitability will remain under pressure as it invests in new planes, routes and hiring of more people, said chief executive Amar Abrol.

Revenue was Rs 658.8 crore in 2015-16. The airline, joint venture of Tata Sons and Malaysia’s AirAsia, has eight aircraft and will add six more this calendar year. The aim is 20 by the winter schedule of 2018, the qualification for applying to ply abroad. Which is when we will get to international operations, said Abrol.

The airline expects to increase