
IndiGo retains market leadership at 65% share as India’s air traffic records 11% YoY growth
IndiGo continued to dominate the market, expanding its share to approximately 65%, according to a report by domestic brokerage firm Motilal Oswal.
Motilal Oswal highlights that IndiGo's domestic PAX stood at 9.5 million, reflecting a 20% YoY surge. Its domestic market share rose to 65.2%, gaining 490 bps YoY, highlighting its ability to capture demand effectively. In contrast, Air India Group’s market share was recorded at 27.7%, while SpiceJet held 3.2%.
While Akasa Air’s PAX surged 156% YoY, its overall market share remained at 0.7%, reflecting the competitive nature of the industry. Domestic PAX for Air India and SpiceJet stood at 3.8 million and 0.5 million, respectively, indicating steady growth in passenger demand across major airlines.
Additionally, IndiGo’s passenger load factor (PLF) declined 60 bps MoM, yet remained strong at 85.5%. Moreover, on-time performance (OTP) improved by 140bps MoM, further consolidating its operational efficiency, stated the brokerage firm’s report.
The domestic aviation sector saw PLF at 77.5% in January 2025, with IndiGo leading at 85.5%, followed by Air India at 84.4% and SpiceJet at 83.7%. OTP for major airlines improved to 65.5%, rising 140bps MoM, with IndiGo achieving 75.5% OTP.
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