Airline Stocks in Focus After Release of Passenger Traffic Data: Indigo Maintained Dominance

During 2024, the Indian aviation industry recorded growth in passenger traffic carried by domestic airlines in India, which reached 1,613.31 lakhs as compared to 1,520.32 lakhs in the same period of the previous year, reflecting an annual growth of 6.12% and a monthly growth of 8.19%.

Indigo Maintained Market Dominance

IndiGo maintained its dominance in the Indian aviation sector, capturing a 64.4% market share in December 2024, up from 63.6% in November. This further strengthens IndiGo’s position as the leader in domestic air travel. For the full calendar year (CY) 2024, IndiGo continued to dominate the market with a share of 61.9%. On January 24, 2025, Indigo shares opened at ₹4,145.35 and touched the day high of ₹4,272.00 at 10:05 AM, reflecting a gain of 1.79% against the previous close.

SpiceJet Recorded Slight Growth

SpiceJet also made a modest gain, with its market share increasing to 3.3% in December, up from 3.1% in November. This slight but positive shift suggests potential stabilization for the airline. , SpiceJet held a market share of 3.7% for the CY2024. On January 24, 2025, SpiceJet shares opened at ₹49.03 and touched the day high of ₹49.48 at 10:05 AM, reflecting a gain of 0.45% against the previous close.

Akasa Air Posted Dip in Market Share

The data highlights strong performance across major Indian carriers, with most airlines experiencing growth in market share. Air India saw a significant increase, rising to 26.4% in December from 24.4% in November.

Akasa Air was the only major carrier to experience a minor dip, with its market share decreasing slightly from 4.7% in November to 4.6% in December.

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