Akasa airlines share price

India has one of the best airfare regimes in the world, but there should not be “gouging” in terms of ticket prices to take advantage of a particular situation, according to His comments come against the backdrop of concerns about a steep rise in airfares in certain routes amid capacity reduction due to the Go First crisis and higher travel demand, and the government asking airlines to devise a mechanism to ensure a reasonable ticket pricing system. “Gouging is what the government is worried about… as an airline fraternity, we should ensure that there is no gouging,” Dube told PTI in an interview in Istanbul. He explained that gouging is a particular term used when anybody really jacks up the price of something to take advantage of a particular micro-environmental situation. “Gouging is just not a good thing. The airfares on an average in India are the most customer friendly in the world in any kind of sizeable aviation economy. The Indian consumer average has one of the best airfare regimes you can find anywhere in the world. That is a fact and we have some of the cheapest average fares anywhere in the world,” he pointed out. On June 5, the ministry asked airlines to devise a mechanism to ensure reasonable airfares amid a surge in air ticket prices, particularly on certain routes that were earlier served by Go First. Airlines have been asked to self-monitor airfares on routes that have seen a considerable rise in ticket prices and also to devise a mechanism to ensure reas...

DUBAI, Nov 16 (Reuters) - India's Akasa Air on Tuesday placed an order for 72 Boeing The order by billionaire investor Rakesh Jhunjhunwala-backed airline comes months after India's air safety regulator allowed the country's airlines to fly the MAX jet, ending its nearly two and a half years of regulatory grounding after two fatal crashes in five months killed 346 people. Jhunjhunwala, known as "India's Warren Buffett", has teamed up with former chief executives of IndiGo, the country's biggest carrier, and Jet Airways The low-cost airline received initial clearance from the civil aviation ministry to start operations in October and is expected to begin flying next year. "We are already witnessing a strong recovery in air travel, and we see decades of growth ahead of us," Akasa Air Chief Executive Vinay Dube said at the Dubai airshow, where the order was announced. The order by Akasa includes two variants, the 737-8 and the high-capacity 737-8-200, the companies said. Reuters reported in September that Boeing was close to winning an order for some 70 to 100 737 MAX jets from Akasa, pending separate talks on a long-term engine service deal. Boeing dominates India's wide-body market of 51 planes but fare wars and high costs have led to casualties among full-service carriers, including Kingfisher Airlines in 2012 and Jet Airways in 2019, making low cost carriers and Airbus even more dominant. Boeing's share of India's 570 narrow-body planes fell to 18% from 35% after Jet's col...

Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • All • A-Z • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Featured • • About • • • • • • • • Follow • • • • • • • • Subscriptions • • Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Judith Philip is stressed. The 32-year-old auditor's work schedule is packed and her only retreat is travel, but the pandemic hit her sole recreation badly. To make up for lost time, Philip is pinning her hopes on an upcoming solo trip to Sri Lanka. "I think I might do a lot of revenge travel once these restrictions are lifted and things get a bit better," Philip told Insider from the southern Indian city of Bangalore. She is among millions of travelers waiting in the wings to cruise Indian skies as the country's aviation sector braces for a shake-up. At the heart of this shake-up stands to be a freshly minted airline, Akasa Air. Ever since its public debut in July, Akasa has become the most talked-about airline in the country. And on November 16, it Unlike airlines that gro...

Whenever I see a new budget airline pop up, I'm dying to know if it's good enough to fly with or if I should avoid it all together. Akasa Air boasts sustainability, great customer service, and affordable prices. But since they're so new, I'm giving you all the details in my in-depth review so you can decide if they're trustworthy yourself... Grace is a freelance travel and snowboard writer who is on a mission to travel to as many countries as possible. She is currently traveling Europe in her self-converted campervan. She loves snowboarding so is always chasing the winters, spending half the year in the mountains and the other half, by the sea. Flying with budget airlines always comes with its risks. You can sometimes luck out and get amazing value for money. Unfortunately, other times cheaper airline companies skimp out on service, comfort, and quality! If you’ve flown with airlines like We can't overlook that, at least in my opinion! So what's the word on Akasa Air? It's new to the world of budget airlines, originating in India, and promises compassionate customer service, great value on their fares, and quieter cabins. That sounds too good to be true for me... So the real question is should you book with a brand new airline? Or should you simply avoid them at all costs? Before you make any decisions, I'll get into everything you need to know about Akasa Air before you book a flight. Image Courtesy of Akasa Air What Is Akasa Air? Founded in December 2021, they have just ...

It was in October 2021, the world was recouping from an unprecedented crisis:The effects of the second wave of COVID-19. The economy was dwindling, however, the quandary did not deter Vinay Dube from realizing his dreams. SNV Aviation, which will fly under the brand name Akasa Air, finally got the no objection certificate (NOC) from the ministry of civil aviation in 2021. Soon, Dube, founder and CEO Akasa Air, started to prepare for the maiden flight scheduled on 07 August 2022. The low-cost carrier (LCC), aimed to be a category-defining airline…so, how successful has it been in achieving the targets? The delivery of 18 aircraft within the first eight months made it the fastest growing airline globally, today, its fleet size stands at 19. Within nine months of operation, its market share stands at five per cent. The airline topped the on-time performance(OTP) in the month of April and had been consistent since the beginning of its operations. The airline also clocked an increase in its passenger load factor in April, at 84.9 per cent. The CEO attributes the success to its management team, "A professional management team is the secret behind our smooth operations, they're the ones that lay the foundation," says Dube. His nearly three-decade experience in the aviation sector across the US (with stints at Delta Air Lines, American Airlines) and India meant that he knew the air travel business backwards and forwards. Business expansion As travel demand grows, India expects to ...

Sustained high gold prices are likely to hike revenues of organised gold jewellery retailers by 16-18 percent this fiscal, a report said on Thursday. However, volume growth will remain modest due to elevated prices this fiscal. This comes after a stellar compound annual growth rate (CAGR) of 35 per cent logged during FY22 and FY23, mainly due to strong volume growth, driven by pent-up demand and increased consumer spending. Average realisations during the previous two fiscals increased at a CAGR of 5 per cent, Crisil Ratings said in a report. "We expect a low single-digit volume growth for the organised players during FY24, given elevated gold prices. That said, organised players will continue to see modest market share gain, compared with unorganised players. While revenue will grow by 16-18 per cent on sustained high gold prices," Crisil Ratings Senior Director Anuj Sethi said. The organised sector accounts for slightly more than a third of the market, with the unorganised sector making up the rest. The report said the operating margin is expected to moderate by up to 30 basis points to 7.8-8 per cent, led by increasing promotional and store-related expenses. Still, the margin will remain above the pre-pandemic level of 6.8-7 per cent, it added. Working capital debt requirement will continue to rise as jewellers keep expanding stores, though at a slower pace than in the past two fiscals. Credit profile for the players will remain stable, Crisil Ratings said. Domestic pri...

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As India’s newest and youngest airline, Akasa Air is here to make your flying experience memorable! Warm & efficient customer service, reliable operations, and affordable fares are the cornerstones of our brand promise. This promise is powered by our youthful personality, employee-centric philosophy, a tech-led approach, and a culture of service. Not just flight bookings, you can also book a car, hotel, add-ons, or a meal, and enjoy the Akasa experience. To know more, read ‘ Why fly with Akasa’ here. With Akasa Air, long sign-up forms are a thing of the past. Booking with us is quick, easy, and seamless. Create an account To book a flight with us, just follow the simple steps mentioned below: • Visit the Akasa Air website or log in to your account through our mobile app • Enter your departure and travel details (one-way or round trip). The flight and fare options will be displayed on your screen • Choose from our range of Add-Ons including your favourite meals • Update passenger(s) information • Choose your preferred payment option, and you are ready to fly Akasa