Airline Stocks in Focus: Indigo Led the Industry with 64% Market Share

Indian airlines carried a total of 1.45 crore (14.54 million) domestic passengers in March 2025, marking an 8.79% increase compared to the same period last year, according to official data released on Saturday. In March 2024, Indian carriers had flown 1.33 crore (13.37 million) passengers.

“Domestic airlines in India transported 145.42 lakh passengers in March 2025, up from 133.68 lakh during the corresponding month in 2024,” stated the Directorate General of Civil Aviation (DGCA) in its monthly passenger traffic report.

Among individual carriers, IndiGo led the market by flying 93.1 lakh passengers, securing a dominant 64% share. The Air India Group—which includes full-service Air India and budget carrier Air India Express—carried 38.8 lakh passengers, accounting for 26.7% of the total market.

Other key players included Akasa Air, which transported 7.2 lakh passengers (5% market share), and SpiceJet, which carried 4.8 lakh passengers (3.3% share).

Also Read: Air India in Talks to Acquire 10 Boeing 737 MAX Jets Rejected by China

In terms of punctuality, IndiGo topped the charts with an on-time performance (OTP) of 88.1% for March 2025. It was closely followed by Akasa Air at 86.9%. The Air India Group recorded an OTP of 82%, while SpiceJet trailed at 72.1%. These OTP figures are based on data from the four major metro airports: Bengaluru, Delhi, Hyderabad, and Mumbai.

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