The growth of the aviation market in India is vigorous and back to pre-COVID levels presenting IndiGo with the opportunity to grow and flourish both operationally and financially. In the previous quarter, robust demand on account of the peak travel season was reckoned as the reason behind the surge in their topline growth. Looking ahead, with the market forces at play and an ongoing strong travel demand trend that is only expected to grow, the airline continues to add capacity and cater to its aim of providing hassle-free services and affordable travel experiences.
IndiGo is India’s largest passenger airline with a domestic market share of 57.5 per cent (as of April 2023). The airline has deployed more capacity than in the pre-pandemic period and is now operating over 1800 daily flights versus 1600 daily flights before the pandemic. “We continue to see robust growth across the network. We have also witnessed a handsome return of demand for international destinations in the last few months and have introduced connectivity to Europe via Istanbul, through our codeshare agreement with Turkish Airlines. We will be concluding FY23 on the higher side of the range of the previously guided capacity estimates,” asserts Vinay.
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