AirAsia X is offering $99 fares from Auckland to the Gold Coast and $249 fares to Kuala Lumpur to launch its return to New Zealand in two months.

The airline, Southeast Asia's biggest budget carrier, will start the daily services from March 22.

An Airbus with seating capacity of 377 will be used on the route.

Air New Zealand is offering fares as low as $179 to the Gold Coast in the week AirAsia launches, and Jetstar's fares start at $149, according to the carriers' websites.