Akasa Air, one of India’s newest and rapidly growing carriers, has reported robust financial results for the fiscal year ending March 31, 2025, highlighting its aggressive expansion and disciplined cost management. The airline announced a 49% year-on-year revenue increase, attributing the gain to strong unit profitability and a stage-adjusted RASK increase of 13%.
Volaris, the Mexican low-cost carrier, has reported a $63 million net loss for the second quarter of 2025, a sharp reversal from the $10 million profit it recorded in the same period last year. The loss was driven by a combination of declining unit revenues, increased operating expenses, and a slight drop in load factor.
Air Astana Group, the flag carrier of Kazakhstan, has announced robust financial results for the first quarter of 2025, highlighting continued recovery and operational efficiency across its business units. The Group reported total revenue and other income of $292.4 million, marking a 10.4% increase compared to the same quarter the previous year.
Volaris, Mexico’s leading ultra-low-cost airline, posted a net income of $46 million for the fourth quarter of 2024, despite a 7% decline in operating revenue to $835 million. The airline’s financial position remained strong, with total cash, cash equivalents, restricted cash, and short-term investments reaching $954 million.
