Successful trajectory towards profitability: Akasa Air on 2 years of flying
Completing two years of flying, Akasa Air on Wednesday said it is on a "successful trajectory" towards profitability and expects seat capacity to rise 50 per cent on an annual basis.
Akasa Air, which commenced operations on the same day two years ago, flies to 22 domestic and five international cities, and has carried over 11 million passengers in India since its inception. It operates more than 900 weekly flights.
Airline's CEO Vinay Dube said it has registered a triple-digit growth and continues to be the fastest-growing airline in the global aviation history.
In a release, Akasa Air said its "unwavering commitment to cost leadership, supported by operational and financial discipline, has set the airline on a successful trajectory toward profitability".
Last fiscal, the airline recorded a 300 per cent growth in Available Seat Kilometres (ASKM), a measure of a flight's seat capacity.
"With the strong financial foundation the airline has built, it anticipates a year-on-year increa