The Indian aviation sector is in for a ride and is ready to take off with flying colors. India is poised to experience a remarkable surge in airline seat capacity, with a projected growth of 10.5% in the second quarter of the fiscal year 2024-25 compared to the same period in the current fiscal year.
According to the latest report from global travel data provider OAG, if this projection materialises, India will secure the third position globally, trailing behind only the US (with 310 million seats) and China (with 242 million seats).
The anticipated capacity in India’s Q2 of 2024 surpasses that of several prominent nations including Japan, Spain, UK, Italy, Germany, Indonesia, and Turkey, as highlighted by OAG and reported by Business Standard.
India witnessed the second-highest growth in seat capacity between the pre-pandemic Q2 of 2019 and the projected Q2 of 2024, showcasing a growth rate of 16.8%, trailing behind only China’s anticipated growth of 18.7%.
At the global level, OAG projects that global airlines will collectively offer 1.5 billion seats in Q2 FY25, marking an 8% increase compared to the same period in the previous year.
IndiGo ranks 8th in the world for seat capacity
Notably, India’s renowned low-cost carrier, IndiGo, ranks eighth in the world in terms of seat capacity, with a projected growth of 9.7% in Q2 2025, reaching 32.64 million seats. IndiGo is expected to witness an impressive growth of 50.3% between the pre-Covid Q2 of 2019 and the projected Q2 of 2024, making it the fastest-growing airline among the top 10 globally during the same period.
With its anticipated growth trajectory, IndiGo is set to outpace competitors such as Ryan Air, China Air, and China South Airlines in terms of seat capacity growth between Q2 of 2019 and the projected Q2 of 2024.
