News · Mobility & Logistics

Akasa Air plans IPO in next 2-4 years, says CFO

By Startup Enthusiast · 23 June 2026

What they do

Akasa Air is a low-cost airline operating flights to 34 destinations, including 7 international cities

The airline plans to go public in 2-4 years, depending on achieving milestones like EBITDA positivity and profitability

It has a fleet of 39 aircraft and aims to expand to 226 planes by 2032, with a focus on Southeast Asia for international expansion

Akasa Air plans to go public in the next 2-4 years, depending on achieving financial and operational milestones such as EBITDA positivity, cash flow, and profitability.
The airline is currently operating flights to 34 destinations, including 7 international cities, and has a fleet of 39 aircraft.
It aims to expand its fleet to 226 aircraft by 2032, with 187 of these planes scheduled for delivery over the next six years.
Akasa Air reported EBITDA positivity during the September 2025 to March 2026 period, indicating improvement in its financial performance.
The airline plans to increase capacity by 30% in the current financial year and expects a 30-40% growth in capacity over the next 4-5 years.
It has received additional investment from the Jhunjhunwala family and associates, and has added eight aircraft to its fleet in 2026.
Akasa Air's operating revenue rose 37% in the fiscal year ended March 2026, with a 30% increase in capacity measured in Available Seat Kilometres (ASKs).

The airline's CFO, Ankur Goel, emphasized that the IPO is not a question of if but a question of when, as the company focuses on creating value rather than fundraising.
Akasa Air is expanding its presence in both domestic and international markets, with plans to tap into growth opportunities at Navi Mumbai International Airport and Noida International Airport.
The airline's Cost per Available Seat Kilometre (CASK) reduced by 4% year-on-year, and EBITDAR margins improved by 60%, reflecting operational efficiency and scale benefits.

Akasa Air is a low-cost airline offering affordable fares and operating flights to both domestic and international destinations.
It provides non-stop flights to cities such as Udaipur, Visakhapatnam, and Hanoi, with plans to expand its network further.
Akasa Air operates a fleet of 39 aircraft and has ordered 226 Boeing 737 MAX planes for delivery over the next six years.
It aims to increase its capacity by 30% in the current financial year and expand its fleet to 226 aircraft by 2032.

Akasa Air plans to increase its capacity by 30% in the current financial year and expects a 30-40% growth in capacity over the next 4-5 years.
The airline aims to expand its international presence, with the next phase of expansion focusing on Southeast Asia.
It will continue to strengthen its presence in domestic and international markets, leveraging opportunities at Navi Mumbai International Airport and Noida International Airport.

Jhunjhunwala family and associates (investor) — The Jhunjhunwala family has provided additional investment to Akasa Air, supporting its growth and expansion plans.

Customers: Travellers booking domestic and regional flights
How it makes money: Sells passenger air tickets and related travel services
What sets it apart: Emphasis on customer experience, safety, reliability, and newer aircraft