IndiGo has achieved a rare feat in the global aviation industry, briefly becoming the most valuable airline in the world, with its market capitalisation touching INR 2 lakh crore (USD 23.3 billion). This surge places it ahead of global giants like Delta Airlines and Ryanair, marking a significant milestone for the low-cost Indian carrier. The stock’s impressive rally—up 13% in 2025 so far—comes amid a broader market downturn, with the Nifty index falling 6% this year.
With a dominant 62% share in India’s aviation sector, IndiGo’s improved financial performance has been a major factor in boosting investor confidence. Despite setbacks like the ₹987 crore net loss in Q2FY25, analysts are optimistic about the airline’s prospects. Projections for Q4FY25 show a potential PAT of INR 2,300 crore, driven by favorable fare structures, efficient operations, and a manageable crude oil environment. ICICI Securities has highlighted IndiGo’s cost competitiveness, strong order book, and sound balance sheet as core advantages.
The airline is set to expand its fleet further, aiming for a double-digit rise in Available Seat Kilometers (ASK) in FY26. Out of 439 aircraft currently, 50 are grounded, with plans to induct around 50 more by FY26. This reflects IndiGo’s focus on scaling capacity while maintaining operational efficiency.
