Akasa Air is targeting a fleet of 226 aircraft by 2032, signalling confidence in its long-term growth strategy despite industry-wide aircraft delivery challenges and geopolitical uncertainty. The airline also reaffirmed its faith in aircraft manufacturer Boeing, describing the company as a strong partner as it pursues an aggressive expansion plan.
Speaking at a press conference on Tuesday, Ankur Goel, Chief Financial Officer of Akasa Air, said the carrier expects to increase capacity by more than 30% in FY27 and maintain annual growth of 30-40% over the next five years.
The comments come as India's youngest airline continues to expand its domestic footprint while accelerating its international ambitions.
Akasa currently operates 39 Boeing 737 MAX aircraft and added 10 aircraft during FY26. According to Goel, the airline expects its fleet to grow to 226 aircraft by 2032, supporting a significant increase in passenger capacity and network reach.
While aircraft supply constraints continue to affect airlines globally, Akasa indicated it remains confident in its relationship with Boeing.
"Our trust on Boeing has only increased from what it was earlier. Boeing has been a great partner," Goel said.
As of May 2026, Akasa held a 5.8% share of India's domestic aviation market, underscoring the progress it has made since commencing operations in August 2022.
International expansion is emerging as a key driver of the airline's next phase of growth.
According to Goel, international operations currently account for approximately 25% of Akasa's overall capacity. The airline expects overseas routes to contribute around 40% of total capacity over the next few years.
Akasa launched flights to Phuket during FY26 and is preparing to commence services to Hanoi, extending its presence across Southeast Asia and the Gulf region.
The airline believes international markets will play an increasingly important role in balancing growth across its network while capitalising on rising demand for overseas travel.
The airline reported a strong operational performance in FY26, with growth in both revenue and capacity.
Key performance indicators shared by the company include:
Goel said Akasa's net loss narrowed during FY26 compared with FY25, although specific figures were not disclosed.
The airline had reported a standalone net loss of approximately ₹1,983 crore in FY25, driven by higher employee expenses, aircraft maintenance costs, airport charges and foreign exchange-related expenses.
A notable milestone came during the second half of FY26.
"For six months, which is September till March, we were actually EBITDA positive," Goel said.
The development, according to the company, reinforces confidence in its pathway towards long-term profitability.
Akasa is also laying the groundwork for a future stock market listing.
Goel said the airline is targeting an initial public offering within the next two to four years, although the timeline will depend on achieving sustained EBITDA positivity, positive cash flows and overall profitability.
The airline has also established an International Financial Services Centre leasing entity in GIFT City, which it expects to utilise as India's aircraft leasing ecosystem continues to mature.
Separately, Akasa is evaluating participation in the government's emergency credit guarantee programme, which provides ₹5,000 crore in guarantees to support airlines and businesses facing liquidity pressures linked to the Iran conflict. Goel said the airline has not drawn funds under the scheme so far.
Akasa's expansion plans come at a time when airlines are grappling with fluctuating fuel costs and geopolitical disruptions.
Despite concerns around higher aviation turbine fuel prices and the impact of tensions in West Asia, the airline remains optimistic about demand trends. Goel said fuel prices have eased from recent highs, while passenger demand continues to remain strong.
With a rapidly expanding fleet, growing international network and improving financial metrics, Akasa is positioning itself for its next phase of growth while working towards profitability and a future public listing.
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