Deccan Aviation aims to make up for losses
Deccan Aviation has posted a net loss of Rs 340 crore in the 15-month period to June, reports CNBC-TV18.
However Warwick Brady, the COO of the company said that the low cost carrier is positive about making up for losses through lower operating costs.
“I think one of the key advantages of being low cost is that our costs are almost 50% lower than the full service carrier, which gives one a strategic advantage that one can enjoy where you can simply charge lower fares and make money,” said Warwick Brady, COO, Air Deccan.
However, Air Deccan’s Managing Director GR Gopinath said that rising fuel costs have put Air Deccan through turbulent times.
“The aim was to deploy aircraft and gain market share so that when the turbulence is over, it will help us for future expansion and growth and profitability. We have deployed 20 aircrafts in the last 18 months,” said Gopinath.