Mumbai/Bengaluru, Sept. 8 -- Three years after its debut, Akasa Air soared past SpiceJet to become the country's third-largest air carrier by revenue following a sharp 24% sequential decline in the latter's revenue in the April-June period. SNV Aviation Private Ltd, which launched its first commercial flight in August 2022 under Akasa Air, in a disclosure dated 14 July made to the ministry of corporate affairs, said its provisional revenue from operations totalled Rs.1,399.6 crore during the April-June period. This was a 22.2% rise from the Rs.1,145.4 crore in the April-June 2024. On Friday, New Delhi-based SpiceJet reported that its revenue from operations fell 24% sequentially and 35.6% from the year-ago period to Rs.1,059.8 crore in the ...