Akasa Air reports 37% revenue growth in FY2025–26; strengthens foundation for long term growth

National, 23 June 2026: Akasa Air, India’s fastest growing airline, today announced strong financial and operational performance for the financial year ended March 31, 2026, reflecting the continued strength of its business model, disciplined execution, and growing customer preference.

 

During FY2025–26, Akasa Air delivered strong growth across key business metrics. Operating revenue increased 37%, supported by a 30% growth in capacity measured through Available Seat Kilometres (ASKs). The airline inducted 10 Boeing 737 MAX aircraft during the year, rapidly expanding its fleet to 37 aircraft. Cargo volumes reached approximately 171,000 tonnes by the end of FY2025–26, while stage adjusted Revenue per Available Seat Kilometre (RASK) improved by 10%, driven by enhanced distribution capabilities, operational excellence and strong focus on customer experience backed by a technology first approach.

 

Cost discipline and efficient fleet utilisation enabled Akasa Air to further strengthen its unit economics and improve margins despite a year marked by currency volatility and industry wide cost pressures. The airline’s Cost per Available Seat Kilometre (CASK) reduced by 4% year-on-year, as it absorbed significant industry cost pressures while EBITDAR margins improved by staggering 60%, reflecting the benefits of scale, operational efficiency, and disciplined commercial execution.

                                                                                                                                                   

The airline expanded its network to 26 domestic and six international destinations during the year, with international operations accounting for over 23% of total capacity, reflecting the growing contribution of overseas markets to its network portfolio.

                                                                                                             

Commenting on the performance, Ankur Goel, Chief Financial Officer, Akasa Air, said: “FY2025–26 was an important year for Akasa Air as we continued to strengthen our business while delivering sustained growth. We achieved strong revenue growth, improved margins, expanded our fleet and network, and further strengthened our financial foundation through the successful completion of a strategic investment transaction. These milestones reflect the strength of our business model, the discipline of our execution, and the confidence of both our customers and investors. As India’s aviation market continues to grow, we remain focused on building a well-capitalised, resilient airline with a long term perspective and a clear commitment to creating lasting value for all stakeholders.”

 

The airline continued to witness strong customer demand, maintaining load factors of approximately 88% throughout the year, and achieved a significant milestone by becoming the fastest Indian airline to serve 25 million passengers by FY2025–26, reflecting the increasing trust placed in the airline by travellers across India and beyond.

 

During the year, Akasa further strengthened its financial foundation through the successful completion of a strategic investment transaction, welcoming Premji Invest, funds managed by 360 ONE Asset, Claypond Capital, and additional investment from the Jhunjhunwala family and associates. The transaction reflects strong investor confidence in Akasa’s long term strategy and growth potential.

 

The airline also continued to diversify its revenue streams through investments in ancillary products, technology platforms, and distribution capabilities, supporting stronger commercial performance across the business.

 

Outlook for FY2026–27

 

Looking ahead, Akasa Air remains focused on building an airline for generations to come. The airline will continue to strengthen its presence across domestic and international markets while leveraging opportunities presented by Navi Mumbai International Airport and Noida International Airport.

 

With a growing fleet, strong capital, and a continued focus on efficiency and customer experience, Akasa remains firmly committed to building a sustainable, resilient, and globally competitive airline from India.

 

About Akasa Air:

 

Akasa Air is India’s most dependable airline, offering warm and efficient customer service, reliable operations, and affordable fares - all in the Akasa Way. Akasa’s youthful personality, employee-centric philosophy, tech-led approach, and culture of service make this commitment a reality for all Indians.     

 

Akasa Air’s consistent on-time leadership, operational efficiencies and extremely positive customer feedback have made it a preferred carrier in India, serving over 28 million passengers since its launch in August 2022. Akasa Air currently connects with 27 domestic and seven international cities, namely Mumbai, Ahmedabad, Bengaluru, Chennai, Kochi, Delhi, Guwahati, Agartala, Pune, Lucknow, Goa, Hyderabad, Varanasi, Bagdogra, Bhubaneswar, Kolkata, Sri Vijaya Puram, Ayodhya, Gwalior, Srinagar, Prayagraj, Gorakhpur, Darbhanga, Kozhikode, Navi Mumbai, Dibrugarh, Noida, Doha (Qatar), Jeddah, Riyadh (Kingdom of Saudi Arabia), Abu Dhabi (UAE), Kuwait City (Kuwait), Phuket (Thailand) and Hanoi (Vietnam). 

 

With a clear focus on sustained, long-term growth, Akasa Air has placed a firm order of 226 Boeing 737 MAX airplanes, powered by CFM fuel-efficient LEAP-1B engines. It currently operates 38 737 MAX aircraft, which deliver superior efficiency in reducing fuel use and carbon emissions. The aircraft also has a quieter cabin with 40 per cent less noise, fulfilling the airline's promise of being an environmentally progressive company with the youngest and greenest fleet in the Indian skies.     

 

For more information, visit www.akasaair.com 

   

Newsroom: https://www.akasaair.com/news-room  

   

X: @AkasaAir    

 

LinkedIn: https://www.linkedin.com/company/akasaair/