Akasa posted operating loss of Rs 602 crore in FY23
In its first year of operations, Akasa Air has posted an operating loss of Rs 602.84 crore, the civil aviation ministry said in a parliamentary response on Thursday. The airline, which has a domestic market share of 1.4 per cent, reported operating revenue of Rs 777.85 crore and operating expenses of about Rs 1,400 crore.
Meanwhile, other airlines that reported losses in financial year (FY) 2023 include Air India (Rs 2,297 crore), Air Asia (Rs 2,302.67 crore) and Vistara (Rs 264 crore).
India’s largest airline Indigo reported a profit of Rs 4,363.25 crore, a significant jump from the loss of Rs 3,581.34 reported in FY22. This was followed by SpiceJet at Rs 858.50 crore in FY23 after reporting losses worth Rs 2,216.74 crores in FY22.
