Top 5 Airline Companies [Flight Brands] in India 2022

Here we can see about the list of Top Airline Companies in India in the year 2020 before that take a short look at the Airline Industry. India is currently the 7th largest civil aviation market in the world and is expected to become the third-largest civil aviation market within the next 10 years.

Read more about Airline Industry in India | Indian Aviation

List of Top Airline Companies in India 2020

Here is the list of Top airline Companies India. The list is ranked based on the market share of the company

6. Vistara

Tata SIA Airlines Limited, operating as Vistara, is an Indian full-service airline, based in Gurgaon, with its hub at Indira Gandhi International Airport. The carrier, a joint venture between Tata Sons and Singapore Airlines, commenced operations on 9 January 2015 with its inaugural flight between Delhi and Mumbai.

• Market Share: 4.7%

The airline had carried more than two million passengers by June 2016 and as of May 2019, has a 4.7% share of the domestic carrier market, making it the 6th largest domestic airline. The airline serves twenty-four destinations with a fleet of Airbus A320 and Boeing 737-800NG aircraft.

5. AirAsia (India) Limited

AirAsia (India) commenced operations on 12th June 2014. With 29 A320 aircraft, AirAsia flies to 21  destinations as on January 2020. AirAsia India is a Joint Venture between TATA Sons Private Limited (51%) and AirAsia Investment Limited(49%).

• Market Share: 5%
• 29 aircraft
• 21 destinations across India
• 1400+ weekly flights
• Over 8.9 million customers in FY19

Into its fifth year of operations, AirAsia (India) has ambitions to connect more Tier II and Tier III cities within the large Indian subcontinent and a longer-term view of going international.

4. GoAir

GoAir the Fourth largest airline in India with an 8.4% passenger market share. GoAir is an Indian low-cost airline based in Mumbai, India. It is owned by the Indian business conglomerate Wadia Group.  

• Market Share: 9%

It commenced operations in November 2005 and operates a fleet of Airbus A320 aircraft in an all-economy configuration. As of September 2019, the airline operates over 230 daily flights to 30 destinations, including 24 domestic and 6 international destinations, from its hubs at Mumbai, Delhi, Bangalore, Kolkata, and Kannur.

3. Air India

Air India, the premier flight carrier of India is one of the most extensive flight service provider in India.

• Revenue: Rs 23,900 Cr.
• Market Share: 13.4% .
• Employees: 20,956

Air India Air Transport Services Limited (AIATSL) is a fully owned subsidiary of Air India Limited, formed with an aim to provide unified Ground Handling services (Ramp, Passenger & Baggage and Cargo Handling) at most of the airports in India under the brand name ‘Air India Airport Services’.

Alliance Air

Alliance Air Connecting India (A wholly owned Subsidiary of Air India Limited) operates air services to 43 destinations with a fleet of 18 ATR 72-600 (70/72 Seater) aircraft. Flights are operated mostly to Tier-2 and Tier-3 Cities or those which link these cities to the metro hubs.

• Market Share: 1.1%

Alliance Air operates flights to 43 destinations in India namely Agra, Ahmedabad, Allahabad, Bengaluru, Belagavi, Bhavnagar, Bhubaneswar, Bhuj, Bikaner, Coimbatore, Chandigarh, Delhi, Dehradun, Dimapur, Diu, Dharamshala, Goa, Gorakhpur, Guwahati, Gulbarga (Kalaburagi), Hyderabad, Imphal, Jabalpur,Jagdalpur, Jaipur, Jharsuguda, Kandla, Kochi, Kolhapur, Kolkata, Kullu, Lilabari, Ludhiana, Madurai, Mumbai, Mysuru, Nashik, Pantnagar, Passighat, Pathankot, Pune, Raipur, Tezpur.

• Total number of flights per week: 360
• Number of flights per day: 51
• Number of departures per week: 539
• Number of departures per day: 77
• Total number of stations: 43

2. SpiceJet Ltd

SpiceJet is India’s second-largest Airline Company in India in terms of domestic passenger volume and the largest in terms of regional connectivity. SpiceJet Limited is an Indian low-cost airline headquartered in Gurgaon, India. It is the second-largest airline in the country by a number of domestic passengers carried, with a market share of 13.6% as of March 2019.

• Revenue: Rs 9,121 Cr.
• Market Share: 13.7 %
• Employees: 8,556
• Market Cap:  7,505 Cr.
• Promoter holding: 60.00 %

The airline operates 312 daily flights to 55 destinations, including 47 Indian and 7 international destinations from its hubs at Delhi, Kolkata, Mumbai, and Hyderabad.

1. Interglobe Aviation Ltd

IndiGo is India’s largest passenger airline with a market share of 42.2 %. The company primarily operates in India’s domestic air travel market as a low-cost carrier with a focus on our three pillars – offering low fares, being on-time and delivering a courteous and hassle-free experience.

• Revenue: Rs 31,405 Cr.
• Market Share: 44 %
• Employees: 23,531
• Market Cap: Rs 65,159 Cr.
• Stock P/E: 49.04
• Dividend Yield: 0.29 %
• ROE: -3.26 %
• Promoter holding: 74.89 %
• Debt to equity: 0.35
• Price to book value: 9.38

Indigo is the largest Airline Companies in India with Highest Marketshare. Since inception in August 2006, grown from a carrier with one plane to a fleet of 240 aircraft today.  IndiGo has a total destination count of 82 with 60 domestic destinations and 22 International.

 This includes seven destinations: Silchar, Shirdi, and Mysore in India, Yangon in Myanmar,  Riyadh in Saudi Arabia, Hanoi and Ho Chi Minh City in Vietnam, which are open for sale. Twelve codeshare destinations beyond Istanbul on Turkish Airlines are also open for sale. They include, Athens (ATH), Budapest (BUD), Brussels (BRU), Tel Aviv (TLV) , Malta (MLA), Paris (CDG) , Dublin (DUB), Copenhagen (CPH) , Prague (PRG), Vienna (VIE), Zurich (ZRH) and Amsterdam (AMS).

Read more about InterGlobe Aviation Limited | IndiGo

Top Airline / Flight Company in India based on Revenue

So here is the list of Top Airline company in India based on Revenue ( Turnover )

• 6. Vistara
• 5. AirAsia India
• 4. GoAir
• 3. Air India
• 2. SpiceJet Ltd
• 1. Interglobe Aviation Ltd

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