InterGlobe Aviation Share Price Target 2024-2030 Fundamentals & Quarterly Results

InterGlobe Aviation Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –‘IndiGo Airlines’ is what is popularly known as ‘InterGlobe Aviation Limited’ being the airline of choice within the Domestic Aviation sector of the country for Indian clients since 2006. As of November 2023, it is the only airline in India with approximately 61% Market Share making it the leading player in the Indian Aviation Industry. Indigo Airlines, which is based in Gurgaon, Haryana, has 350 Aircraft in its fleet and operates 2000 flights on a regular basis to 119 destinations. Additionally, this airline has around 32,000 workers and more reasons such as low prices and good quality of services are leading to the expectation of maintaining the leadership position in the Indian Aviation Market.

InterGlobe Aviation Overview

IndiGo is a low-cost carrier in India which falls under the Interglobe Aviation Ltd Company. It covers 86 destinations of which 24 are international. In keeping with its only core brand promise of ‘low fares, on-time flights, and in-cabin service without the fuss,’ IndiGo presents to the passengers a simple un-complicated product of a low-cost airline. IndiGo commenced operations in August 2006 with a single aircraft and has grown within a span of seven years to 262 aircrafts.

Also Check JSW Infrastructure Share Price Target

InterGlobe Aviation Business Profile

By FY24, IndiGo’s market share in the Indian aviation sector stands at ~62% and has been on the upward trajectory ever since 2007. Its market share in the international passenger segment is pegged at ~18% [1]. With daily departures, it has become the seventh biggest airline in the world and has also become the first Indian airline to manage more than three hundred aircraft.

Peak Daily Flights: 2,021 in Q4 FY24 vs 1,815 in FY23
Passengers: 106.7 million in FY24 vs 85.6 million in FY23
Load Factor: ~86% in FY24 vs 82% in FY23
ASK (Available Seat Kilometer): 139.3 billion in FY24 vs 114.4 in FY23
RPK (Revenue Passenger Kilometer): 119.7 billion in FY24 vs 93.9 billion in FY23

Also Check Federal Bank Share Price Target

Margin Improvement

The company’s EBITDA margin increased to 25% in FY24 compared to 13% in FY23, mainly because of a drop in fuel prices, higher passenger load factors and better fares achieved.

Also Check JIOFIN Share Price Target

Airplane Fleet

The carrier’s fleet at the end of FY24 consists of 367 aircraft (comparing to 304 aircraft in FY23), which includes 31 A320 older generation, 192 A320 new generation, 94 A321 new generation, 45 ATRs, 3 A321 freighters and 2 leased B777. In the fourth quarter of FY24, 9 passenger aircraft were incorporated.

Also Check SJVN Share Price Target

Expansion

During the first quarter of the fiscal year 2024, the organization has ordered 500 aircraft from the Airbus A320 Family. This is the highest number of orders placed by IndiGo and it is the biggest single aircraft order placed by any airline from Airbus. In total, it has orders worth delivery of ~1,000 more aircraft up to the year 2035. for the first quarter of the fiscal year 2025 in terms of Available Seat Kilometer (ASKs) volume is projected to increase by 10-12% than in the first quarter of the fiscal year 2024.

Also Check Marksans Pharma Share Price Target

Destinations

FY24 onwards, the company has operating system established 88 domestic and 33 international destinations. In FY24, it launched 7 new international destinations across Asia and Africa. In Q4 FY24, it operated services over 49 additional international destinations by entering into codeshare agreements with 8 other international carriers.

Also Check Bajaj Auto Share Price Target

P&W Engine Issue

With the onset of FY24, the management of Pratt & Whitney called attention to the powder metal problem which had affected its advanced GTF aircraft engine. Come Q4 FY24, 70-80 aircraft are existing on the ground owing to this engine problem.

Also Check Share Market Holiday List

On June 14, 24, the company has concluded the revision of a currently existing contract with International Aero Engines, LLC (IAE), the Pratt & Whitney parent company, under which IAE would offer IndiGo specific compensation, as appropriate, for the current Aircraft on Ground situation owing to engine non-availability.

Also Check Dhanlaxmi Bank Share Price Target

Cost Competitiveness

The airline is based on a low-cost carrier model mainly in the Indian air travel market which has been enhanced by large aircraft orders with Airbus and competing rather well with terms offered by OEMs and maintenance providers. In the case of the airlines’ fleet, up to 80% consists of the newer NEO aircraft which operate on better fuel efficiency thus generating lower costs.

Also Check RVNL Share Price Target

InterGlobe Aviation Fundamentals & Quarterly Results

Also Check Tata Power Share Price Target

InterGlobe Aviation Quarterly Results

CAGR Report

InterGlobe Aviation Shareholding Pattern

InterGlobe Aviation Share Price Target 2024-2030 Forecast

INTERGLOBE AVIATION ( INDIGO ) Share Price Target 2025

INTERGLOBE AVIATION ( INDIGO ) Share Price Target 2026

INTERGLOBE AVIATION ( INDIGO ) Share Price Target 2027

INTERGLOBE AVIATION ( INDIGO ) Share Price Target 2028

INTERGLOBE AVIATION ( INDIGO ) Share Price Target 2029

INTERGLOBE AVIATION ( INDIGO ) Share Price Target 2030

Official Website –goindigo.in