New Delhi, Oct. 19 -- Akasa Air's rapid expansion is yet to translate into lower losses. The airline increased its operating revenue by 35% to Rs.6,168 crore in FY26, from Rs.4,583 crore a year earlier, as it expanded its fleet and network. However, its net loss widened 37% to Rs.2,716 crore.

The performance of SNV Aviation Pvt. Ltd, which operates India's third-largest airline, Akasa Air, highlights the challenges of scaling up in a market grappling with rising operating costs, volatile fuel prices and geopolitical disruptions.

"The losses were primarily attributable to continued investments in fleet induction, network expansion and scaling of its international operations, in line with the company's long-term growth strategy," the boar...