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Akasa Air posts Rs 1,670 cr loss in FY24, income jumps to Rs 3,144.38 cr

Business Standard LogoBusiness Standard6h ago

Akasa Air posts Rs 1,670 cr loss in FY24, income jumps to Rs 3,144.38 cr - Business Standard

Quick Summary:

Akasa Air saw its loss widen to Rs 1,670.06 crore in the financial year ended March 2024 even as the airline's total income jumped to Rs 3,144.38 crore during the same period.

"The company reported a net loss of Rs 16,700.66 million for FY 2024 against a net loss of Rs 7,444.27 million for the previous year," SNV Aviation Pvt Ltd said in a filing to the corporate affairs ministry.

"On a standalone basis, the company achieved a total income of Rs 31,443.83 million for FY 2024 against previous year's total income of Rs 7,778.48 million.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 23:54:06 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23436264

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 344 posts per day

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News Last Updated: 6 hours ago

Coverage Areas: India

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Publisher ID: #49

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