Last fiscal, Akasa Air added ten aircraft increasing capacity by 30 per cent.
| Photo Credit:
Mumbai: Akasa Air’s consolidated net loss widened 37 per cent to ₹2716 crore in FY 2026 due to rupee depreciation. The airline had reported a net loss of ₹1983.5 crore in FY 2025. While revenue from operations rose 37 per cent year on year, the airline slipped further into red as weak rupee impacted operating costs and resulted in a mark to market loss. Last fiscal, Akasa Air added ten aircraft increasing capacity by 30 per cent. The airline increased its network to 32 destinations with the international network accounting for 23 per cent of the capacity.“While our unit economics have improved significantly, this improvement is masked at the net loss level by a significant accounting related mark-to-market foreign exchange loss,” airline’s chief financial officer Ankur Goel said. On Path“Operating revenue grew 37 per cent year-on-year, ahead of the 30 per cent growth in capacity, reflecting our focus on growing efficiently and improving revenue quality as we scale,” Goel said. The airline saw improvement in both unit costs and unit revenue reflecting maturity of network, customer preference, cost discipline, inventory management and growing trust in the Akasa Air brand,” Goel said. “We remain firmly on the path of profitability as we scale,” he added.Negative ImplicationsThe airline, however, continues to face headwinds due to volatility in fuel and forex rates. In June, ICRA put the airline’s rating on watch with negative implications.“As the company is in the growth phase, it continues to incur cash losses despite relatively comfortable operational metrics vis-a-vis its peers with such losses being funded through sale and lease back (SLB) inflows,” ICRA wrote. Revenue from international operations and SLB inflows provide a partial natural hedge to currency volatility. “The extent of losses in FY 2027 owing to the impact of current challenging environment is a key monitorable,” it said. Published on August 11, 2026
