Akasa Air Delivers Strong Financial Results in FY 24-25

India’s fastest-growing airline, Akasa Air, has reported impressive financial performance for the fiscal year ending March 31, 2025. The airline’s disciplined focus on cost efficiency, revenue growth, and operational excellence has driven significant financial gains and reinforced its journey towards profitability.

Financial Highlights

Akasa Air achieved a revenue increase of 49 per cent, supported by higher unit profitability. Capacity, measured in Available Seat Kilometres (ASKs), grew by an extraordinary 48 per cent, buoyed by a 13 per cent rise in Revenue per Available Seat Kilometre (RASK). This was underpinned by a strategic focus on strengthening distribution channels and technology investments. The airline also reduced its Unit Cost per ASK (excluding fuel) by seven per cent, and EBITDAR margins improved by 50 per cent, despite inflationary pressures across the industry.

Operational Expansion

At the close of FY 25, Akasa Air operated a fleet of 27 aircraft serving 23 domestic and five international destinations. The airline maintained industry-leading load factors of over 87 per cent, demonstrating strong customer preference and network efficiency. By March 2025, passenger numbers reached over 16 million — nearly double the 8.7 million served in March 2024.

Commenting on the performance, Ankur Goel, Chief Financial Officer, Akasa Air, said, “Akasa Air’s financial performance reflects the strength of our business model and the disciplined execution of our strategy. We are optimistic about the future and are looking forward to building on the momentum of our robust financial and commercial performance in the years ahead.”

“Akasa Air is on a deterministic path towards building the industry’s best cost structure, and we are confident that we will continue to set new standards driven by our efficient planning, strategic expansion and promising potential of the nation’s economy”, Goel added.

Strategic Investments and Future Outlook

Throughout its early development and especially during the past year, Akasa Air invested strategically in training, technology, safety, and infrastructure, committed to building a resilient airline for future generations.

A key element of the airline’s financial strategy is its expanding ancillary revenue ecosystem. During FY 25, Akasa introduced over 25 ancillary products, diversifying income streams and strengthening business resilience. Cargo operations also played a pivotal role, with nearly 100,000 tonnes carried by March 2025, establishing Akasa as an emerging player in India’s logistics sector.

The airline has cultivated a network of more than 1,150 corporate partners, reinforcing its credibility among business travellers. Additionally, it has secured agreements with prominent investors to infuse fresh capital, subject to statutory approvals, boosting long-term financial stability.

Outlook for FY 25-26

Looking ahead, Akasa Air remains committed to its vision of becoming one of the world’s top 30 airlines by the end of this decade. The airline projects over 30 per cent growth in ASK capacity for FY 26, with continued increases in RASK. Expansion plans include further developing its presence at Navi Mumbai and Noida International Airports to enhance connectivity both domestically and internationally.