₹7,527 crore and restricted cash of ₹10,922 crore at end-June, to be precise. It has also announced plans to reduce costs and improve liquidity.What’s more, IndiGo has gained market share during this pandemic crisis.
Based on the Directorate General of Civil Aviation data, IndiGo’s domestic market share in July stood at 60.4%. Pre-covid, the measure stood at about 48% in January-February.
In fact, some analysts believe the airline could have garnered more share in August. “Flight schedule data suggests that IndiGo may have further gained market share in August from July’s 60% levels as market share in terms of number of flights has increased from July-mid levels," point out analysts from Credit Suisse Securities (India) Pvt.