Vinay Dube got Akasa off the runway. Issues he needs to fix to switch the seat belt sign off.

There are easier ways to become poor. You can buy a lot of lottery tickets. You can invest in shady stocks. Or you can start an airline. This is an industry, which globally has never earned its cost of capital (prior to Covid-19), according to a McKinsey analysis made in 2022. This analysis points out that only six, yes just six, airlines of a total of about 100, exceeded their cost of capital and made money for their shareholders between 2012