India is one of the fastest growing markets in the world for air traffic. In recent years, the number of private airlines in India have been increased, thanks to liberal policy of the government and lucrative market of the co. Domestic airlines in India also started several international routes to expand their operations from India. We have updated information to include new players in top 10 largest airlines in India. All figures are based on DGCA.
So, let’s see 10 largest airlines in India by market share.
Top 10 Largest Airlines in India According to Market Share [2017-2018]
IndiGo is one of the fastest growing private airlines in India. IndiGo has a market share of more than 39 percent and ranked at the first position. The IndiGo Airlines is wholly owned by the InterGlobe Enterprises and serves in major destinations such as Kolkata, Chennai, Mumbai, Bangalore (Bengaluru) and New Delhi.
The fleet size of IndiGo Airlines is 167 aircraft, which is considered as one of the largest fleet size in India in private airline companies.
Fast Facts About Indigo
- Revenue: Rs. 239.68 billion (US$3.5 billion) (FY 2017–18)
- Net income: Rs. 22.43 billion (US$330 million) (FY 2017–18)
- Total Assets: Rs. 211 billion (US$3.1 billion) (FY 2017–18)
- Employees: 14,604 (March 2017)
- Fleet Size: 167, Orders: 437
2. Jet Airways
The Jet Airways is the second largest airline in India with a market share of 15.4 percent. It was established on 1st April, 1992 and started operations on 5th May, 1993. Chhatrapati Shivaji International Airport, Mumbai is the main hub of Jet Airways.
The revenue of Jet Airways is US$3.7 billion and profit US$ -92 million as of 2017-2018. It is one of the largest employers in India in airline sector with more than 16015 employees. The fleet size of Jet Airways is 121 aircraft and ordered another 233 new fleet to expand the network.
Fast Facts About Jet Airways
- Revenue: Rs. 252 billion (US$3.7 billion) (FY 2017–18)
- Net income: Rs. -6.3 billion (US$-92 million) (FY 2017–18)
- Employees: 16,015 (March 2017)
- Fleet Size: 121, Orders: 233
3. Air India
Air India is one of the oldest airline companies in India with presence in all the major as well as small cities of India. It was founded in July, 1930 as the Tata Airlines and started operations on 15th October, 1932. The airline was founded by one of the great industrialists JRD Tata.
Air India has a market share of more than 13%. They serves major, short as well as medium level destinations in India and across the world.
Fast Facts About Air India
- Revenue: Rs. 222 billion (US$3.2 billion) (FY 2016–17)
- Net income: Rs. 57.65 billion (US$840 million) (FY 2016–17)
- Employees: 20,956 (November 2016)
- Fleet Size: 118, Orders: Nil
SpiceJet is another budget airline company in India with a market share of 13.2 percent. It was founded in 1993 as ModiLuft and started operations on 5th May, 1993.
The SpiceJet Airlines serves in key cities of India such as Pune, Chennai, Ahmedabad, Goa and so on. Previously, it was owned by the NRI group and it was acquired by the media king Kalanithi Maran. However, Maran sold his shares back to Ajay Singh in 2015.
Fast Facts About SpiceJet
- Revenue: Rs. 7933 billion (US$1.2 billion) (FY 2018)
- Net income: Rs. 557 billion (US$81 million) (FY 2018)
- Total Assets: Rs. 4109 crore (US$600 million) (FY 2018)
- Employees: 6902 (2017)
- Fleet Size: 58, Orders: 169
GoAir is the one of the most popular budget airlines in India. GoAir is promoted by the Wadia Group. It was founded in 2005 and started operations in November, 2005. The fleet size of the GoAir is 38 aircraft and serves in more than 23 destinations. The GoAir is headquartered in Worli, Mumbai, Maharashtra with the slogan of “Fly Smart”.
Fast Facts About GoAir
- Revenue: Rs. 3513 crore (US$510 million) (FY 2017)
- Profit: Rs. 205 crore (US$30 million) (FY 2017)
- Fleet Size: 38, Orders: 125
- Market Share: 8.5%
6. AirAsia India
AirAsia India is a new player in the aviation market of India. It was established on March 28, 2013 and the company started its operations from June 12, 2014. Kempegowda International Airport, Bengaluru is the operating base for the airline company. AirAsia India has a fleet size of 18 aircrafts and operates at 21 destinations.
Fast Facts About AirAsia India
- Fleet Size: 18, Orders: Information not available
- Destinations: 21
- Market Share: 3.7%
7. Vistara Airlines
Vistara is an Indian airline company, promoted by Tata Sons and Singapore Airlines. It was founded in the year 2013 and the company started its operations on January 9, 2015. Indira Gandhi International Airport, Delhi is the primary hub of the company. Visatara has a fleet size of 21 aircraft and operates on 22 destinations.
Fast Facts About Vistara (Tata SIA Airlines Limited)
- Fleet Size: 21, Orders: Information not available
- Destinations: 22
- Employees: 900 (March 2016)
- Market Share: 3.5%
JetLite is a one of the low-cost airlines in India, listed in the top 10 largest airlines in India by market share. Based on latest figures, JetLite has a market share of 2.4% in domestic market.
Jet Airways is the parent organization of JetLite. Based on figure available (February 2017), JetLite operates in 22 destinations. The market share of JetLite is 2.4% in domestic market.
Fast Facts About JetLite
- Fleet size: 8
- Headquarters: Mumbai, India
- Founded in 1991 as Sahara Airlines
- Frequent-flyer program: Jet Privilege
TruJet is a domestic airline company in India and 9th largest airline in India. The base of this airline company is Rajiv Gandhi International Airport, Hyderabad. Their first commercial flight was launched in 2015.
Right now, TruJet captured 0.4% market share in domestic market of India. They have a fleet size of five aircraft and operates in a few destinations.
Fast Facts About TruJet
- Fleet size: 5 aircraft
- Primary hub: Rajiv Gandhi International Airport, Hyderabad
- First flight launched in 2015
10. Air Costa
Air Costa was a new player in Indian market. The company had started its operations on 15 October, 2013. The Chennai International Airport was the primary hub for Air Costa. It was having a fleet size of four and ordered another 50. The company operated on nine destinations across the country.
On 28 February 2017, it suspended operations until further notice. Air Costa was having a market share of 0.1% in domestic air traffic of India.
Article Title: Top 10 Largest Airlines in India According to Market Share [2017-2018]
Article last re-published on August 3, 2018.