Willing to give up market share to ensure reliable ops: Akasa Air

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.