Summary
- IndiGo has flown a record-breaking 100 million passengers in a single yr, a primary for any Indian airline.
- The airline’s rapid growth and market dominance have also led to its position because the sixth largest globally by market cap.
- Despite recent issues with grounded aircraft, IndiGo’s leading position within the country’s aviation industry stays largely unchallenged for now.
India’s largest airline, IndiGo, has had a remarkable yr in 2023. The airline’s passenger traffic, every day flights, and overall network have been increasing steadily. And now, IndiGo has reached one other milestone: it has develop into the primary within the country to fly 100 million passengers in a calendar yr.
100 million passengers
IndiGo’s growth has, indeed, been remarkable. No other Indian airline has achieved the size of operations that IndiGo has. And the newest record set by the low-cost carrier is the variety of passengers it has flown this yr.
Photo: Paulose NK | Shutterstock
IndiGo welcomed its 100 millionth passenger in a calendar yr – a primary for any Indian airline. That is 22% greater than the 78 million passengers it flew in 2022. Pieter Elbers, Chief Executive Officer, IndiGo. Commented,
Record yr
When one looks on the pace of IndiGo’s growth, the rise in its passenger numbers may not be all that surprising. The airline has greater than 60% of India’s domestic market share, and its international network can also be rapidly expanding.
This yr, IndiGo added 20 international routes inside just six months and now flies to 118 destinations, of which 32 are international locations. IndiGo’s scale of operations now also puts it among the many ten largest airlines on the earth by passenger traffic.
Photo: ANAND G IYER | Shutterstock
Departure and arrival boards overwhelmingly stuffed with IndiGo flights are a well-recognized sight at any Indian airport today. Lots of the routes that the carrier operates are exclusive, with no competition from a rival carrier.
Earlier this yr, IndiGo also became the primary airline in India to fly over 2,000 flights in a day. These included all scheduled passenger and cargo flights and the country’s military charters.
20 International Routes In Six Months: IndiGo’s Rapid Overseas Expansion
The airline has been pursuing an aggressive expansion plan after the pandemic.
World’s sixth-largest airline by market cap
Data from various aviation analytics sources often puts IndiGo in the highest ten airlines in several metrics, equivalent to frequency and seat capability. On the subject of global rankings by market valuations, IndiGo outshines some big global names as well.
The airline currently holds the sixth position globally in market cap, with its parent company, Interglobe Aviation, commanding a valuation of $13.8 billion. That is greater than the US carrier United Airlines.
Photo: WeChitra | Shutterstock
IndiGo has reached these recent milestones whilst several of its Airbus A320-family jets remain grounded attributable to engine issues. The airline has tried to offset the lack of capability by wet leasing aircraft and lengthening the lifetime of a few of its older planes. And while the following few months might see a dip in IndiGo’s overall operations attributable to the grounding of more aircraft due to P&W engine issues, its overall position because the country’s leading carrier won’t be challenged anytime soon.
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