Akasa Air prepares to challenge IndiGo and SpiceJet in the aviation and stock markets. CFO Ankur Goel indicates IPO planning within a 2–4 year window. However, he clarifies timing depends on achievement of internal performance targets. Consequently, the airline aligns financial discipline with long-term listing ambitions.
Management links IPO timing to financial performance goals
Ankur Goel explains IPO execution depends on multiple business milestones. Additionally, he highlights profitability, EBITDA improvement, and cash flow strength as key conditions. Moreover, he states valuation creation remains central to the company’s long-term vision. Therefore, IPO readiness connects directly to operational and financial outcomes.
Airline expands operations across destinations and fleet size
Akasa Air launched operations in August 2022 and continues network expansion. Currently, the airline serves 34 destinations including international routes. Furthermore, it operates a fleet of 39 aircraft across its network. Consequently, expansion strategy strengthens its competitive positioning in Indian aviation.
Long-term fleet and capacity targets define growth roadmap
The airline targets a fleet size of 226 aircraft by 2032. Additionally, it plans strong annual capacity growth over coming years. Moreover, it expects 30 percent capacity expansion in the current financial year. Therefore, future growth projections remain central to its strategic roadmap.
Financial performance shows improvement despite ongoing losses
Akasa Air continues to operate under loss conditions while improving key metrics. Notably, EBITDA remained positive from September 2025 to March 2026. Additionally, losses reduced compared to the previous financial year. Consequently, efficiency improvements indicate stronger operational control and financial stability.
