Akasa Air reports 37% revenue growth in FY2025–26

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.

Akasa Air 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, the airline 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. Airline’s 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 the airline 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: “FY202526 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.