Akasa Air reported a 339% year-over-year increase in revenue for FY24, attributed to its expanding route network and fleet growth.
Despite this impressive revenue surge, losses more than doubled due to higher operational costs and investment in network expansion.
The airline's aggressive market entry strategy, including competitive pricing and new routes, has driven passenger demand, significantly boosting revenue.
However, elevated costs in maintenance, fuel, and workforce expansion have impacted profitability.
Akasa remains focused on long-term growth, with plans to add more aircraft and routes to strengthen its position in the Indian aviation market.
