InterGlobe Aviation 's budget carrier IndiGo has significantly scaled up its operations, now operating over 2,200 flights daily across all 138 destinations in its network. The airline has demonstrated remarkable operational recovery, maintaining full schedule integrity while serving over 3.5 lakh customers daily with normalized on-time performance standards.

Substantial Capacity Expansion Achieved

IndiGo has announced a major milestone in its operational recovery, expanding from the initial 1,800 flights when operations stabilized on December 9 to over 2,200 flights currently. The airline continues to maintain full network connectivity across all 138 operational destinations while delivering consistently reliable service to its expanding customer base.

Potential Relief from Capacity Restrictions

The Aviation Minister has indicated that capacity reductions imposed on IndiGo could be lifted after the airline submits its proposal to authorities. This development comes as the carrier has successfully demonstrated operational stability and compliance with regulatory requirements, maintaining consistent performance across its expanded network.

Complete Network Recovery and Growth

IndiGo has successfully maintained all destinations in its network since December 8, demonstrating a complete turnaround from earlier operational disruptions. The airline's gradual and careful capacity addition strategy has enabled it to scale operations significantly while maintaining operational excellence and normal on-time performance standards.

DGCA Compliance and Future Outlook

Despite the operational expansion and potential for capacity restriction relief, the DGCA order continues to influence IndiGo's capacity planning. The airline has revised its capacity growth expectations from high teens growth to high single to early double-digit percentage growth in terms of ASKs (Available Seat Kilometers), while successfully demonstrating its ability to maintain operational efficiency within regulatory frameworks.

InterGlobe Aviation , operating under the IndiGo brand, has garnered positive attention from leading investment banks, with both Citi and Morgan Stanley issuing favorable ratings on the airline stock.

Dual Analyst Support

The airline has received backing from two major investment banks, with Citi maintaining a 'Buy' rating and setting a price target of ₹5,800.00 per share. Meanwhile, Morgan Stanley continues to hold an overweight rating on the stock with a higher target price of ₹6,540.00.

Investment Bank Perspectives

Citi's 'Buy' rating reflects the investment bank's confidence in InterGlobe Aviation's operational capabilities and market positioning within India's aviation sector. The ₹5,800.00 target price represents Citi's valuation assessment based on their analysis of the company's fundamentals and growth prospects.

MorganStanley's overweight rating with a ₹6,540.00 target price indicates an even more optimistic outlook, suggesting the investment bank expects the stock to outperform the broader market or sector average. This positive assessment reflects their analysis of various factors including operational performance, market position, and growth potential.

Market Significance

The convergence of positive ratings from both Citi and Morgan Stanley underscores the professional investment community's favorable view of InterGlobe Aviation. These recommendations from major global banks are closely monitored by institutional and retail investors, providing valuable insights into professional assessment of company fundamentals and aviation sector dynamics.