Shares of InterGlobe Aviation, the parent of IndiGo, rose 2% to an intraday high of Rs 4,454 on the BSE on Tuesday after several domestic and global brokerages reiterated their positive outlook on the airline. The bullish stance followed the company's analyst meet, where management highlighted strong long-term industry growth prospects despite ongoing geopolitical uncertainties in the Middle East.
IndiGo expects strong growth tailwinds for the aviation industry over the next decade, with air passenger traffic projected to more than double between FY26 and FY35. The airline believes growth will be driven by a rising number of first-time international travellers, increasing inbound tourism into India and the development of airport infrastructure, with around 50 new airports expected to be added over the next five years.
