Now Reading: Akasa Air loss widens 37% to Rs 2,716 crore on rupee fall
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Akasa Air loss widens 37% to Rs 2,716 crore on rupee fall
Akasa Air’s consolidated net loss widened 37 per cent to Rs 2,716 crore in FY26, driven by rupee depreciation, the airline reported on August 11. Revenue from operations rose 37 per cent…
The Story in Brief
Akasa Air’s consolidated net loss widened 37 per cent to Rs 2,716 crore in FY26, driven by rupee depreciation, the airline reported on August 11. Revenue from operations rose 37 per cent year-on-year to match capacity growth of 30 per cent, but mark-to-market forex losses pushed the carrier deeper into the red. It added ten aircraft last fiscal, expanding its network to 32 destinations, with international routes accounting for 23 per cent of capacity.
The Hindubusinessline.com reports that CFO Ankur Goel said unit economics have improved, but the net loss is masked by accounting forex losses. ICRA placed the airline’s rating on watch with negative implications in June, citing cash losses funded by sale-and-leaseback inflows. The extent of losses in FY27 due to the challenging environment is a key monitorable, ICRA noted.
The Indian Opinion
Akasa Air’s widening loss is blamed on the weak rupee, but its revenue grew at the same 37 per cent pace as its loss. The narrative that ‘growth masks real trouble’ is one-sided: the airline added 10 planes, expanded network, and improved unit economics. The real test is FY27 cash flow. Will ICRA’s rating watch become a downgrade if forex volatility persists? That number will separate growing pains from real distress.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
