Shares of InterGlobe Aviation Ltd (IndiGo) gained 2.21% to ₹4,226.15 on Friday, January 24, 2025, after the Directorate General of Civil Aviation (DGCA) reported an increase in the airline’s domestic market share to 64.4% in December 2024, up from 63.6% in November 2024.
Key Highlights:
- Market Share: IndiGo’s domestic market share increased from 60.5% in 2023 to 61.9% in 2024, reaching 64.4% in December 2024.
- Passenger Traffic: IndiGo carried 99.9 million domestic passengers in 2024, contributing significantly to the 6.12% year-on-year growth in India’s domestic air passenger traffic, which stood at 161.3 million.
- On-Time Performance (OTP): IndiGo recorded the best OTP at 73.4% in December 2024.
Industry Trends:
- Domestic Passenger Traffic: Rose 6.12% YoY to 161.3 million in 2024, supported by post-pandemic recovery.
- Air India Group: Carried 45.8 million passengers in 2024, up from 39.49 million in 2023, with a fleet expansion plan targeting 400 aircraft in the next three years.
- SpiceJet: Market share declined from 5.5% in 2023 to 3.7% in 2024.
Stock Details:
- Previous Close: ₹4,134.80
- Day’s Range: ₹4,162.10 – ₹4,269.80
- Market Cap: ₹1.63 trillion
- P/E Ratio: 24.62
- Year Range: ₹2,847.00 – ₹5,035.00
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
TOPICS:
Indigo