Trends from the ticketing website MakeMyTrip indicate a likely annual growth of between 11-17 per cent in Indian air travel demand over FY24-30. Through that period, InterGlobe Aviation or IndiGo may continue to make gains in market share in both domestic and international travel, aided by large fleet additions. IndiGo is the largest global customer of Airbus by far with 950 aircraft orders outstanding.
There could be short-term blips in profitability caused by possible spikes in fuel prices, and there is seasonality at play. But there should be a steady upside with IndiGo outperforming the industry growth rate through the long term. Competition could also hurt in the short-term, as there's also a rise in Air India and Vistara's capacities and the merger between the two Tata airlines may drive synergies for them.
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