Budget carrier Akasa Air in an internal memo told its employees that it is flying less and will give up market share in the short term to ensure it runs a reliable operation after some pilots quit the airline, news agency Reuters reported on Wednesday.
Akasa’s market share slipped to 4.2% in August from 5.2% a month earlier, according to latest available data from the Directorate General of Civil Aviation (DGCA). Shares of rival IndiGo, India’s largest airline, reversed course to trade 0.5% higher after the report on Akasa.
