Moneycontrol PRO
HomeNewsBusinessIndia’s biggest airline sees capacity growth slowing next year

India’s biggest airline sees capacity growth slowing next year

The budget carrier expects capacity to grow in the “early double digits” next year, with a similar rate of increase in the number of passengers it flies, it said in an analyst presentation Friday.

March 22, 2024 / 23:27 IST
India’s biggest airline sees capacity growth slowing next year
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    InterGlobe Aviation Ltd., which operates India’s biggest airline IndiGo, forecast slower capacity growth in the fiscal year starting April 1.

    The budget carrier expects capacity to grow in the “early double digits” next year, with a similar rate of increase in the number of passengers it flies, it said in an analyst presentation Friday. The pace is slower than growth seen in the December quarter and guidance for the current financial year.

    IndiGo’s capacity grew by almost 27% last quarter, while the number of passengers carried rose by more than 23%. The airline also said it met its guidance of capacity expansion in “north of mid-teens” and flying more than 100 million passengers in the financial year ending March 31.

    The carrier aims to add more than one aircraft to its fleet every week next year. As of Feb. 29, it operated 366 planes, and had a further 960 on order.

    IndiGo dominates India’s domestic aviation market despite some erosion in market — which fell to around 60% in February from more than 63% in July, according to data from India’s aviation regulator.

    IndiGo plans to add 10 new destinations in fiscal 2025 and manage a fleet of more than 600 aircraft by 2030 as it expects the number of fliers in India to more than double by the end of the decade.

    Reuters
    first published: Mar 22, 2024 02:29 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347