Akasa Air FY24 revenue soars 339%, losses up over two-fold

(0)
News

Akasa Air saw a significant revenue increase to INR 3,069.6 crore in FY24, but losses also grew to INR 1,670.1 crore due to rapid expansion. Despite this, the airline reported a 10 percent rise in revenue per available seat kilometre. Akasa plans to increase capacity by 50-55 percent in FY25, anticipating further revenue growth.

Leave a Reply Cancel reply

How can you save tax on mutual funds by forming a Hindu Undivided Family unit?
A Hindu Undivided Family (HUF) has its own permanent account number (PAN) and files tax returns independently of its members.
Where should a 66-year-old invest with a five-year horizon?
Understanding an individual’s risk appetite and financial goals is very important.
Why are loan terms better for women borrowers? Here are 4 key reasons
Women borrowers are perceived as less risky by lenders, leading to better loan terms. They have superior credit profiles and benefit from government initiatives aimed at promoting financial independence, although challenges like limited access to credit and financial illiteracy persist.
Credit Score: How multiple loan inquiries impact your score and how to protect it
Credit Score: A credit score indicates creditworthiness and is affected by hard inquiries during loan applications. Numerous inquiries can lead to a temporary decline in credit scores, making loans harder to obtain. To minimize impact, manage applications carefully and check for pre-approved loans.
Top 4 Premium Credit Cards: The best choice for high net worth individuals
Credit Cards: Banks offer premium credit cards to affluent clients, providing exclusive perks such as unlimited lounge access, travel rewards, and luxury hotel privileges. While fees are high, these cards deliver significant benefits for those who frequently travel or dine out.
Credit Card: How closing an account can impact your credit score
Credit score: Closing a credit card can simplify finances but may harm your credit score. Assess your financial needs, keep credit utilization low, and consider the age of accounts. Consult a financial expert if necessary to navigate the potential impacts on your credit profile.
Personal Loan Agreement: 7 key things you must know before signing
Personal loans offer financial support but require careful consideration. Assess interest rates, loan terms, and documentation to ensure informed decisions. A high credit score and understanding of fees are crucial for favorable loan conditions.
5 best credit cards offering the fuel surcharge waiver benefits
Fuel credit cards: It can reduce the burden of surcharges during rising petrol prices. They offer benefits like rewards points and cashback on fuel purchases. Choose wisely based on your spending behavior to maximize savings while avoiding interest fees on borrowed amounts.
RBI cuts banks’ reserve requirements, a precursor to policy rate easing
It’s now over to the next Monetary Policy Committee meeting on 7 February 2025, at which members must vote in favour of a long-awaited rate cut.
Personal loan eligibility: How does having a co-borrower affect your chances?
Personal loans: Applying for a personal loan with a co-borrower can increase approval rates and lead to better conditions. Co-borrowers enhance credit profiles and lower debt-to-income ratios, but both must share repayment responsibilities and consider their financial stability.

Akasa Air FY24 revenue soars 339%, losses up over two-fold

Leave a Comment

Leave a Reply Cancel reply