IndiGo share price: Shares of InterGlobe Aviation, the country’s largest airline operator, rose 1.78% to hit an intraday high of ₹4,520, amid weak market conditions as the company further consolidated its dominance in the Indian skies. The company’s market share in the aviation market rose to 65.2% in January from 64.4% in the previous month.
IndiGo also recorded the highest on time performance (OTP) at 75.5%, while Akasa Air’s was at 71.5% in January, data from the Directorate General of Civil Aviation showed.
Meanwhile, domestic air traffic in January grew 11.28% from a year earlier to 14.6 million, according to official data.
Akasa Air and SpiceJet’s market share increased by 4.7% and 3.2%, respectively.
The number of passengers carried by domestic airlines during January 2025 was 146.11 lakh as against 131.30 lakh during the same period last year. Thus, annual growth was 11.28 per cent and monthly growth was 11.28 per cent, the DGCA said on Thursday. Last month, the overall cancellation rate of scheduled domestic airlines stood at 1.62%, with Fly Big having the highest cancellation rate of 17.74%, followed by Fly91 (5.09%) and Alliance Air (4.35%).
The company’s net profit declined 18% to ₹245 crore from ₹300 crore in the December quarter. Its revenue from operations grew 14% to ₹22,110.70 crore as against ₹19,452 crore in the same quarter last year. According to National Stock Exchange data, InterGlobe Aviation shares have declined 2.42% so far this year, outperforming the NIFTY NEXT50 index, which has declined over 13%.
As of 11:01 am, InterGlobe Aviation shares were trading 0.78% higher at ₹4,478.85.
