Akasa Air hits a milestone. But are there reasons to celebrate?

Impressive Growth and Milestones

Akasa Air has demonstrated significant growth since its inception, achieving a remarkable 300% increase in revenue and available seat kilometers in FY24. The airline's rapid expansion includes the addition of 24 new aircraft to its fleet within just 21 months, surpassing established carriers like Indigo, which added 20 planes in a similar timeframe. Furthermore, Akasa's early venture into international flights—within 19 months—marks a historic achievement for Indian airlines, fueled by recent policy changes that allowed new carriers to operate internationally. Their strong on-time performance, with 77% of flights landing punctually, combined with not canceling any flights during a global IT outage, showcases their operational efficiency and sets them apart in a competitive market.