India’s largest airline IndiGo, briefly became the world’s most valuable airline, surpassing US and European carriers like Delta and Ryanair.
Its stock has rallied 13% so far in 2025, defying broader market trends, which saw the Nifty fall by about 6%.
As a result of its improving financial metrics and strategic growth plans, IndiGo’s current market capitalization stands at around ₹2 lakh crore ($23.3 billion), marking a significant milestone in its ascent within the global aviation industry.
With a 62% market share in India’s aviation sector, IndiGo has emerged as a highly efficient, low-cost carrier.
Despite setbacks during the pandemic and a Q2FY25 net loss of ₹987 crore, the airline has rebounded impressively.
Analysts expect a robust Q4FY25 performance, predicting a profit after tax (PAT) of ₹2,300 crore and pre-tax earnings (excluding forex) of ₹8,600 crore for FY25E.
ICICI Securities reaffirmed its bullish outlook on IndiGo, highlighting its cost competitiveness, strong order book, and sound balance sheet.
Furthermore, the report credited a favorable supply-demand environment and rising profitability for IndiGo’s recent success, projecting sustained momentum into FY26.
Looking ahead, IndiGo anticipates double-digit growth in Available Seat Kilometers (ASK) in FY26.
Of its 439 aircraft, around 50 are currently grounded, but the airline expects to add 50 new planes in FY26.
The international segment will play a key role in driving growth, with IndiGo projecting it to contribute 40% of its ASK by FY30, up from 28% in FY25.
To capture a larger share of international markets, IndiGo has ramped up brand positioning and made strategic investments to enhance international travel services.
In addition, the airline is fine-tuning its schedules and customer offerings to match global standards and boost customer satisfaction.
Taken together, these efforts- along with its impressive rise in market valuation, strong domestic dominance, and international ambitions- highlight how IndiGo is positioning itself as a global aviation leader.
Ultimately, the airline’s growth story underscores India’s emerging presence in the global aviation industry.
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