Jobaaj Stories
In a historic milestone, IndiGo, India’s leading low-cost carrier, has emerged as the world’s most valuable airline by market capitalization, briefly surpassing global giants like Delta Air Lines and Ryanair. The airline’s market cap soared past Rs 2 lakh crore ($23.3 billion), driven by a stellar 13 percent surge in its stock price this year. On the latest trading day, IndiGo’s shares closed nearly 1 percent higher, defying a broader market downturn that saw the Nifty slump by almost 6 percent year-to-date amid tariff uncertainties.
IndiGo, which commands a dominant 60 percent share of India’s domestic aviation market, has solidified its position as a global aviation powerhouse. The airline is now sharpening its focus on international expansion, with management projecting that overseas operations will account for 40 percent of its available seat kilometers (ASK) by FY30, up from an estimated 28 percent in FY25. To support this ambitious growth, IndiGo plans to bolster its fleet—currently at 439 aircraft, with 50 grounded—by adding approximately 50 new planes in FY26. The company has also forecasted early double-digit ASK growth for the upcoming fiscal year.
Financially, IndiGo’s parent company, InterGlobe Aviation Ltd, reported a net profit of Rs 2,449 crore for Q3 FY25, down 18 percent from Rs 2,998 crore in the same quarter last year. The decline comes despite sustained demand for air travel, with last year’s robust profits attributed to peak festival season travel aligning with the October-December period, unlike this year. However, revenue painted a brighter picture, climbing 14 percent to Rs 22,111 crore from Rs 19,452 crore year-on-year. This growth was fueled by a 12 percent rise in ASK and a 13.5 percent increase in revenue passenger kilometers (RPK), alongside a load factor improvement of 1.2 percentage points to 86.9 percent.
IndiGo’s ascent to the top of the global aviation ladder underscores its resilience and strategic vision, even as it navigates challenges like grounded aircraft and shifting market dynamics. With its sights set on international skies, the airline is poised to redefine India’s presence in the global aviation landscape.
Disclaimer: The views and insights shared by experts on Procapitas News are their own and do not reflect the opinions of the platform or its management. Procapitas News recommends consulting certified financial advisors before making investment decisions.
