IndiGo CEO Pieter Elbers is confident the airline’s current strategies will transform it into a global aviation giant by 2030, driven by strategic investments in “people, planes, experience, and infrastructure.”
The low-cost carrier’s latest annual report for the fiscal year ending March 31, 2025, revealed that revenue from operations grew to Rs 80,802 crore from Rs 68,904 crore a year prior. This performance establishes IndiGo as a $10 billion company and places it among the world’s top 20 airlines. However, despite the revenue surge, annual profit declined 11.1% to Rs 7,258 crore, down from Rs 8,172 crore in FY24, due to rising costs. Aircraft fuel expenses surged to Rs 26,197 crore, while spending on sales and promotion increased to Rs 142 crore.
Operationally, the airline experienced significant growth, carrying over 118 million passengers in FY25, an 11% year-on-year increase. Its international footprint expanded to 40 destinations from 33 the previous year, complemented by a network of 91 domestic destinations and connections to 50 more locations through 10 codeshare partners.
Looking ahead, Elbers detailed a robust expansion plan focused on increasing the airline’s international capacity share from the current 28% to 40% by 2030. “We will continue to add more destinations internationally, especially with XLRs coming in along with our newly leased wide-body aircraft for long-haul operations,” he stated. This growth will be supported by the delivery of new aircraft, including the first Airbus A321XLRs expected this fiscal year, which are part of a landmark 500-plane order placed in 2023.
Elbers also emphasized a continued focus on domestic expansion, noting that the airline has quadrupled its seat capacity at over 35 of India’s top airports in the last decade. “We will continue to grow domestically as India is still a highly underpenetrated market,” he added.
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