ET Analysis: IndiGo unlikely to gain share as rivals’ business plans take off

ET Intelligence Group: Intense competition is expected to make it difficult for InterGlobe Aviation, the owner of IndiGo, to gain market share in the medium term.

The country’s largest airline was the biggest beneficiary of Go First’s bankruptcy last May. Between April and September 2023, the market share of IndiGo increased to 63.4% from 57.5%. Since then, however, its share fell by 160 basis points in November to 61.8%, according to the latest data published by the Directorate General of Civil Aviation (DGCA). During the period, SpiceJet’s share increased to 6.2% from 4.4% while that of Tata Group’s airlines including Air India, Air Asia and Vistara remained more or less stable at 26.5%.