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AKASA AIR LOSSES
Air India: As Campbell Wilson readies for departure, N Chandrasekaran enters the cockpitChandrasekaran has called for closer coordination across the airline’s departments. Key divisions such as flight operations, commercial str...- Higher airfares can price out people from flying: IATA Chief EconomistAirlines plan to increase ticket prices to offset rising fuel costs. This move might make flying unaffordable for some travelers. Jet fuel ...
- Aditya Shah favors domestic growth themes, stays bullish on IT and infrastructure sectorAditya Shah of Hercules Advisors identifies EPC companies with strong order books as key infrastructure opportunities, favoring players lik...
- Srinagar Airport announces partial runway closures for maintenance starting July 2026; total runway shutdown from October 1Srinagar Airport faces flight disruptions due to Indian Air Force runway maintenance. As part of the maintenanace, the runway will be unava...
- Akasa Air pilot suffers heart attack; dies in BengaluruAn Akasa Air pilot passed away from a heart attack while undergoing training in Bengaluru. The captain was around 44 years old. The airline...
- UK court orders SpiceJet to pay $8 million to engine lessor over unpaid duesA UK judiciary has ruled that SpiceJet owes Sunbird France 02 SAS nearly $8 million for missed rent and upkeep on three aircraft engines. T...
- Akasa signs agreement with GMR Aero Technic for base maintenance of its Boeing 737 MAX fleetAkasa Air has entered a three-year agreement with GMR Aero Technic for base maintenance support of its Boeing 737 MAX fleet. GMR Aero Techn...
- Akasa’s ambitions face risk as Boeing’s delays create turbulence, leave pilots idleAkasa Air, India's newest airline, is struggling due to delays in Boeing 737 MAX deliveries. With 226 planes on order, the airline faces op...
- Why Premji-Ranjan Pai are betting millions on Akasa AirAkasa Air, a new budget carrier, is securing substantial investment from prominent family offices amidst a challenging Indian aviation sect...
- Akasa Air posts Rs 1,670 crore loss in FY24; CFO says performance will be better this fiscalAkasa Air reported a widened loss of Rs 1,670.06 crore in FY24 despite a surge in total income. The airline attributed the loss to investme...
- Akasa Air FY24 revenue soars 339%, losses up over two-foldAkasa Air saw a significant revenue increase to ₹3,069.6 crore in FY24, but losses also grew to ₹1,670.1 crore due to rapid expansion. Desp...
- Rakesh Jhunjhunwala's lofty bet has grown fourfold: What lies aheadIn 2021, Vinay Dube launched Akasa Air, backed by investor Rakesh Jhunjhunwala. Despite initial losses, the airline's valuation has grown t...
- How a soaring Akasa Air got into a wrangle with its pilotsAkasa Air, the airline launched by Rakesh Jhunjhunwala, overtook SpiceJet in terms of domestic market share in June 2023. However, the airl...
- Struggling carrier Akasa blames regulator "inaction" as pilots quitOver 40 of more than 450 pilots have recently quit Akasa without serving their notice, leading to cancellations of around 18% of the 3,500 ...
- Akasa Air moves Delhi HC for action against pilots not serving notice period following resignationThe airline told Justice Manmeet Pritam Singh Arora the company was in a "state of crisis" because of these resignations and had to cancel ...
- Akasa Air drags DGCA to court to penalise 43 pilots who quit without notice periodLow-cost airline Akasa Air has taken legal action against the Directorate General of Civil Aviation (DGCA) in India, asking for coercive ac...
- Akasa Air reports a loss of Rs 602 crore"It is only after you reach a certain size and scale and the costs incurred on route developments start spinning money. The airline has don...
- Akasa Air partners with RateGain for dynamic allocation of airfaresIt allows the airline access to act upon changing market dynamics and optimise airfares in real-time to provide the best fares to the custo...
- Akasa Air all set to add one aircraft every two weeks; says it's well-capitalisedAirline sources said that it will continue to induct the already ordered 72 aircraft over the next five years. They also said that they wil...
- Akasa Air will honour legacy, values, beliefs of Jhunjhunwala: Dubes condolence messages pour in following the demise of Jhunjhunwala, known as the 'Big Bull' and 'Warren Buffett of India' for his investmen...
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