The losses are primarily because the venture operated only for 18 days in June, with only two flights.
For the quarter ended June, Jet Airways and SpiceJet posted losses of Rs 217 crore (Rs 2.17 billion) and Rs 124 crore (Rs 1.24 billion), respectively.
AirAsia India, a joint venture of Malaysian low-cost airline AirAsia, the Tata group and Telestra Tradeplace, commenced operations with a Bangalore-Goa flight on June 12.
AirAsia India operates a single Airbus A320 plane; it has eight flights from Bangalore to Goa, Chennai and Kochi.
It is to start services to Jaipur and Chandigarh next month, after inducting its second aircraft.
The airline also plans to fly to the Northeast and ramp up its fleet size
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With 18 days of operations, AirAsia India sees Rs 26-cr loss