Indians Get $8 Fares as AirAsia Debuts Amid Price War
This article is for subscribers only.
Asia’s biggest budget carrier has set a target for its India venture to break even in four months. Some of its local rivals haven’t achieved that in three years.
The Indian venture of AirAsia Bhd. started operations today as airlines in the world’s second-most populous nation offer base fares lower than 2 U.S. cents as they woo 61 million domestic fliers. Jet Airways (India) Ltd. and SpiceJet Ltd. have posted annual losses, while Kingfisher Airlines Ltd., saddled with $1.4 billion of debt, has been grounded since 2012.