The shares of domestic carrier IndiGo’s parent firm Interglobe Aviation will be in focus on March 22 as the firm in an presentation for analyst meet has revealed that it aims to add more than one aircraft per week and nearly 6,000 employees in the 2024-25 fiscal.
With a continued focus on profitable growth to enhance stakeholder value, the airline said in the next financial year, it expects capacity as well as passenger growth in early double digits. It has given guidance of adding 10 destinations in FY25 and an increase of 5,500 to 6,000 employees during the period.
In its presentation, IndiGo also noted that it achieved the guidance it set for the 2023-24 fiscal, which includes more than mid-teens growth in capacity leading to a fleet of 350 planes, 100 million passengers, and addition of 10-15 destinations taking the total to 115. In fact, IndiGo boasts of becoming the first Indian airline to have a fleet of more than 300 aircraft (as of 2022) and 366 as of February 2024.
In 2023, it placed an order for 500 aircraft – the largest ever single aircraft order with Airbus by any airline, it claimed. It is poised to become 600+ aircraft carrier by 2030, the airline said.
The airline also said that it has unparalleled connectivity across 88 domestic destinations and has added 10 destinations and 40 plus routes in FY24. It also connects 33 international destinations, added seven to the list this fiscal and plies to 19 routes.
However, the firm missed its guidance on the hiring front. It saw an increase of about 4,500 employees during the year as against the target of 5,000.
Reflecting on the employee base, the airline pointed out that almost half of its workforce (44.2%) is female. It has the highest number of women pilots globally, IndiGo said. “In FY24, we on-boarded 130+ employees with disabilities, the number of PwD hiring increased by over 2x as compared to FY23. IndiGo was awarded by 'Employer of Diversity Award’ for fostering inclusion at workplace,” it added.
IndiGo shares ended 0.37% lower at ₹3,278 on BSE.
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