IndiGo shares rise as it expands market share in January

IndiGo also recorded the highest On Time Performance (OTP) at 75.5%, while that of Akasa Air stood at 71.5% in January, data from the Directorate General of Civil Aviation showed.

Meanwhile, domestic air traffic grew 11.28% to 14.6 million in January compared to the year-ago period, according to official data.

Akasa Air and SpiceJet saw their respective market shares increase to 4.7% and 3.2%.

"Passengers carried by domestic airlines during January 2025 were 146.11 lakh as against 131.30 lakh during the corresponding period of the previous year, thereby registering an annual growth of 11.28 percent and a monthly growth of 11.28 percent," DGCA said on Thursday.

Last month, the overall cancellation rate of scheduled domestic airlines stood at 1.62%, with the highest cancellation rate for Fly Big at 17.74%, followed by Fly91 (5.09%) and Alliance Air (4.35%).

The company's net profit in December quarter declined 18% to ₹245 crore from ₹300 crore. Its revenue from operations advanced 14% to Rs 22,110.70 crore as against Rs 19,452 crore in the same quarter last year.

Interglobe Aviation shares have so far this year declined 2.42%, outperforming the NIFTY NEXT50 index, which has fallen over 13%, data from the National Stock Exchange showed.

As of 11:01 am, InterGlobe Aviation shares traded 0.78% higher at ₹4,478.85.