AirAsia India turns the corner

The management at AirAsia India deserve significant praise for managing to pick-up the prices of the botched first launch and re-organising the airline into the carrier that we see today. As mentioned here last week, the airline has a virtual low cost monopoly at its Indian hub and that is starting to tell as load factors for Q1 2016 have come in at 86% from 79% for Q1 2015 on the back of a 5.4 lakh (540,000) passengers carried, up a huge 127% year on year. At this rate of growth the airline will be able to absorb Airbus deliveries