Indigo Statistics, Revenue and Number of Passengers

Rahul Bhatia and Rakesh Gangwal founded IndiGo in 2006, officially known as InterGlobe Aviation Ltd.. It is India’s largest passenger airline with a potential marketing strategy involving a low-cost model, operational efficiency, and an extensive network. Rahul Bhatia is the founder of InterGlobe Group which offers services in aviation, travel, and hospitality. His focus is on cost-effective leadership. Rakesh Gangwal is a co-founder and former board member of InterGlobe Aviation Ltd. Initially in 2006 IndiGo started with a single Airbus A320 aircraft, focusing on domestic routes. In 2011 IndiGo managed to become India’s largest airline by passenger market share. IndiGo launched an Initial Public Offering (IPO), one of the largest in the Indian aviation sector.

Revenue from the Operations of Indigo

Indigo in FY 2020 chartered revenue of ₹35,756 crore. The following year FY 2021 saw a decline of ₹14,641 crore, a 59% decrease. This decrease was observed due to the impact of the COVID-19 pandemic on air travel. The airline rebounded in FY 2022 with substantial growth of 77% increase in revenue, reaching ₹25,931 crore. This trajectory skyrocketed at a rate of 110% growth revenue, doubling to ₹54,446 crore. Indigo, in FY 2024, managed to sustain its highest-ever annual revenue of ₹71,231 crore, a 31% increase over the previous fiscal year. Owing to the challenges faced during a pandemic, post-pandemic recovery demonstrates Indigo’s resilience and effective strategies. The financial statistics from 2020 to 2024 have been summarised below:

Number of Indigo Passengers carried 

In FY 2020, IndiGo moved 86.9 million passengers showing market penetration through stiff market competition. Passenger numbers dropped in FY 2021 to 36.6 million (-57.9%) due to the COVID-19 pandemic. This drop was seen through global air travel due to travel restrictions. In FY 2022, passenger traffic rebounded to 85.6 million (+133.9%)due to the COVID-19 pandemic. Pre-pandemic numbers in FY 2023 were surpassed by 106.7 million passengers, marking a 24.7% increase. By FY 2024 Passenger count was maintained at 106.7 million. Data of passengers from fiscal year 2020 to 2024 is summarised below:

Indigo financial statistics

IndiGo generated revenue of ₹35,756 crore with a modest net profit of ₹156 crore in FY 2020. In FY 2021 revenue decline of ₹14,640 crore (-59%), resulting in a net loss of ₹5,806 crore, was observed due to COVID-19 air travel restrictions. IndiGo generated the highest-ever revenue of ₹71,200 crores (+31%) with a steep profit of ₹8,200 crore. Key metrics have been summarised below for 2020 to 2024:

Indigo Destination Flights covered

IndiGo handled 87 flight destinations, involving 63 domestic and 24 international locations in 2020. IndiGo’s airline 2024 operated 123 destinations, including 89 domestic and 34 international cities. This strategic operational expansion shows its capability to increase its connectivity within India and to international destinations across Asia, Africa, and Europe. IndiGo is increasing fleet size, to reach over 390 aircraft by 2024, enabling it to operate more than 2,000 daily flights. 

Indigo Market Share

IndiGo in 2020 achieved a market share of 48.0% in the Indian domestic aviation sector. In 2021 it increased to 54.3%. This growth trend was maintained in 2022 while holding a market share of 56.2%, subsequently, it reached up to 60.5%, in 2023. In FY 2024 it managed to achieve a market share of 63.3% This strategic operation managed to achieve strong operational performance. Key metrics have been summarised below: