NEW DELHI: Akasa Air’s financial stress continued to grow in the last financial year, with the airline reporting a higher net loss of Rs 19, 86.25 crore in financial year 2024-25 (FY25), compared to Rs 16, 69.59 crore in the previous financial year, the Parliament was informed on Thursday.
In a written reply to Lok Sabha, Minister of State for Civil Aviation Murlidhar Mohol said that Air India Express also reported a significant jump in losses during the same period. The airline, which had posted a Rs 1, 63.12 crore loss in FY 2023-24, recorded a steep loss of Rs 58, 32.37 crore in FY 2024-25.
This marks a major setback compared to its small profit of Rs 1, 16.32 crore in FY 2022-23. According to the data, several Indian carriers continued to face challenges, though some airlines managed to improve their performance.