While the Bangalore-Goa flight cost Rs 900 inclusive of taxes, the Bangalore-Kochi flight will cost Rs 500.
AirAsia India CEO Mittu Chandilya, said in a statement,"We have done a complete analysis on our third destination and we are confident that we will be able to reach out to more first time fliers."
Announcing their third route within the few days of its launch, Chandilya added,"We will stand by our promise to deliver a quality product to our guests that promises value for their money. We are very encouraged by outstanding reception to our product and service."
Gradually stepping into the Indian aviation industry, AirAsia is likely to operate twice-a-day flight on the Bangalore-Chennai-Bangalore route from June 19, besides the regular Bangalore-Goa route.
The no-frill carrier is a 49:30:21 joint venture, involving Malaysian low-cost carrier AirAsia Berhad, Arun Bhatia's Telstra Tradeplace, and Tata Sons.
AirAsia would primarily focus on connecting tier-II cities, slashing down prices by about 35 per cent as compared to the prevailing market rates, Chandilya said.
Some of the other budget carriers are IndiGo, GoAir, SpiceJet, apart from Air India Express and JetLite.