 "IndiGo becomes first Indian airline to carry 100 mn pax in a single year")
Low-cost carrier IndiGo on Monday became the first Indian airline to ferry over 100 million passengers within the span of a calendar year.
This milestone represents a 22 per cent jump in passenger traffic as compared to 2022 when the airline ferried over 78 million passengers.
IndiGo operates over 2,000 flights per day, and covers 86 domestic and 32 international destinations. Expanding its global footprint, it has introduced over 20 international flights across Central and Southeast Asia, Africa and West Asia this year.
It is the largest airline in India with a 61.8 per cent domestic market share as of November 2023. Tata group-owned airlines Air India, Vistara and Air India Express stand second in terms of market share, cumulatively commanding around 26.5 per cent.
Meanwhile, IndiGo has posted net profit of over Rs 3,000 crore in the first half of the ongoing financial year (FY24). It holds the sixth position in global market capitalisation, having reached a market value of $13.80 billion.
In June, it placed an order for 500 aircraft with Airbus, in the world’s largest single-tranche aircraft acquisition deal. The airline’s CEO, Pieter Elbers, had then announced the carrier’s target of ferrying 100 million passengers by the end of FY24.
“We are incredibly delighted to achieve this historic milestone, welcoming aboard 100 million passengers in a year. This landmark figure is the result of the love and trust shown by our customers and the hard work and passion of all IndiGo colleagues,” Elbers said in a statement.