India remains one of the world’s fastest-growing aviation markets, but capacity growth has softened as airlines navigate operational, financial and geopolitical pressures. Sabrina Ng examines how carriers are recalibrating networks and fleet plans while strengthening long-term foundations.
Sabrina Ng, Senior Valuations Analyst, Cirium Ascend Consultancy
India is widely expected to be one of the world’s fastest-growing aviation markets. Strong demographic fundamentals and relatively low levels of air travel penetration continue to support a favourable long-term outlook. The 2025 Cirium Fleet Forecast projected that India’s ASK would grow at around 10% per annum in the next 10 years. Near-term data, however, suggests that the long-term growth may be less linear than previously expected, as airlines work through a combination of operational, financial and geopolitical challenges. (....)