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List of Best Airline Stocks in India (2025)

Discover the latest developments in airline stocks as India's aviation sector continues to grow, driven by government initiatives, expanding connectivity, and infrastructure development, including new airport projects.

Best Airline & Aviation Sector Stocks in India (2025)

Airlines Stock Screener

Airlines Stock Screener: Analyse & Filter Indian Stocks on Tickertape
last updated at 9:45 PM IST 

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last updated at 9:45 PM IST 
NameStocks (4)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose PricePE RatioPE Ratio1D Return1D Return1M Return1M Return6M Return6M Return1Y Return1Y ReturnPB RatioPB RatioReturn on EquityReturn on EquityROCEROCEDividend YieldDiv YieldDebt to EquityDebt to EquityVolatility vs NiftyVolatility vs Nifty
1.Interglobe Aviation LtdINDIGOAirlinesAirlines2,24,047.402,24,047.405,861.005,861.0030.8730.871.111.119.349.3442.4542.4532.6832.68112.22112.22--24.6424.640.170.1725.6925.692.082.08
2.Spicejet LtdSPICEJETAirlinesAirlines5,554.655,554.6538.8138.8188.4988.49-1.25-1.25-7.96-7.96-24.82-24.82-29.79-29.79-1.06-1.06---13.57-13.57----3.963.96
3.AFCOM Holdings LtdAFCOMAirlinesAirlines2,123.102,123.10896.80896.8043.8543.855.005.000.480.48-26.23-26.23316.25316.2520.5620.5628.8428.8466.0566.05--0.180.184.754.75
4.Global Vectra Helicorp LtdGLOBALVECTAirlinesAirlines350.55350.55248.34248.34-539.30-539.30-0.82-0.8212.2212.22-14.26-14.2614.8414.8416.0716.074.814.818.568.56--23.7223.723.933.93

Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Airlines | Market Cap: Sorted from Highest to Lowest

Union Budget 2025-26 Allocations for Aviation Sector

In the Union Budget 2025, allocations to the aviation sector indicate a focus on regional connectivity, cargo infrastructure, and technological initiatives, accompanied by a reduction in overall spending:

  • Ministry of Civil Aviation: ₹2,357.14 cr has been allocated for FY25, compared to ₹2,922.12 cr in FY24.
  • UDAN Scheme: ₹502 cr has been designated for 120 new destinations. The scheme's geographical scope now includes remote, hilly, and northeastern districts.
  • PLI Scheme for Drones: The allocation has been raised to ₹57 cr, aimed at supporting domestic manufacturing and technological advancement in the drone sector.
  • Regulatory Bodies: The Directorate General of Civil Aviation (DGCA) and Bureau of Civil Aviation Security (BCAS) have received ₹302.64 cr and ₹89 cr, respectively.
  • Passenger Traffic: India's annual air passenger volume surpassed 350 million, positioning the country as the third-largest aviation market globally.
  • Airport Development: Plans for 50 new airports over five years have been outlined. New greenfield and brownfield airport projects are among the announcements, including those in Bihar.
  • Air Cargo: Budget emphasis has been placed on warehousing and cold chain infrastructure to support perishables. The sector has been recording an annual growth rate exceeding 10%.
  • Other Allocations: Budgetary provisions also include support for Air India retirees and financial commitments linked to the Hotel Corporation of India.

  • How to Invest in Airline Sector Stocks?

    Investing in airline stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in airline stocks:

    1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
    2. Search for Airline Stocks: Go to Tickertape Stock Screener and select “Airlines” under “Industrials” sector.
    3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or returns. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top airline stocks in India.
    4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
    5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
    6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

    You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

    Overview of the Top Airline Stocks in India

    InterGlobe Aviation Ltd

    Operating under the brand "IndiGo," it is considered among the best airlines in India. It is the largest airline by market share among airline sector stocks. The company specialises in low-cost passenger air travel, offering domestic and international flights with a focus on efficiency, affordability, and extensive connectivity.

    SpiceJet Ltd

    A prominent low-cost carrier in India, SpiceJet provides domestic and international flight services. Among the commercial aviation stocks known for its budget-friendly fares, the airline focuses on regional connectivity, passenger charters, and air cargo services through SpiceXpress.

    Global Vectra Helicorp Ltd

    India's largest private helicopter operator, Global Vectra, caters to offshore oil and gas exploration, VIP charters, and onshore operations. As one of the best airline stocks in the sector, it serves industries requiring specialised aerial services, emphasising safety and efficiency.

    ​AFCOM Holdings Ltd

    ​Afcom Holdings Limited, established in 2013, is an international cargo airline specialising in airport-to-airport freight transportation. As a key player among international airline stocks, the company operates flights primarily to ASEAN countries and offers services including general cargo, dangerous goods, project cargo, and high-value shipments. To learn more about the top 10 aviation companies in India, you can consider using Tickertape Stock Screener

    What are Airline Stocks?

    Airline stocks are shares of companies engaged in air travel and cargo services, including full-service, low-cost, and regional carriers. Their performance may vary with fuel costs, demand, and regulations. From a compliance perspective, information on such stocks should be presented factually, without suggestive language or investment bias.

    Future Outlook of the Aviation Sector

    1. Regional Connectivity Expansion: The UDAN scheme's expansion to 120 destinations requires regulatory clearances, including airport licensing, safety approvals, and airworthiness standards, in line with guidelines issued by the Ministry of Civil Aviation.
    2. Passenger Volume Growth: The projected growth to 4 cr passengers over 10 years will necessitate compliance with aviation safety norms, passenger service standards, and airport capacity regulations overseen by DGCA and AAI.
    3. Focus on Drone Ecosystem: Increased PLI allocation for drones mandates adherence to eligibility norms, technical standards, and reporting requirements under the notified PLI guidelines governed by the Ministry and designated regulatory bodies.
    4. Airport Infrastructure Initiatives: The development of greenfield and brownfield airports, particularly in Bihar, entails compliance with environmental, land-use, and airspace regulations administered by multiple central and state-level statutory and planning authorities.
    5. Resource Allocation Considerations: Reduced allocations may impact operational scalability, requiring ministries and agencies to maintain compliance with budgetary control norms, phase project execution, and meet mandated reporting requirements under public financial management rules.

    What Types of Companies Are Considered Airline Stocks?

    1. Scheduled Passenger Airlines: Operate under DGCA-issued permits, complying with aviation safety, route approval, and maintenance regulations, as well as passenger service standards mandated by Indian aviation authorities.
    2. Cargo Airlines: Subject to air cargo regulations, customs protocols, and DGCA norms, these carriers transport freight domestically and internationally within a defined regulatory and safety compliance framework.
    3. Low-Cost Carriers (LCCs): Function under the same safety and licensing norms as other airlines, operating cost-focused models while complying with DGCA standards on flight operations and passenger services
    4. Full-Service Carriers: Operate under bilateral and domestic aviation rules, offering multi-class services and international routes while complying with safety, service, and fare transparency norms.
    5. Regional and Connectivity-Focused Airlines: Operate under UDAN and regional connectivity mandates, requiring adherence to subsidy conditions, service delivery norms, and regulatory approvals under the Ministry of Civil Aviation's compliance guidelines.

    Features of the Aviation Stocks in India

    1. Market Leadership: Companies like Indigo dominate the Indian market, with a significant share of domestic and international flights. The biggest airline company in India, for instance, often reflects better operational strength due to its market presence. Understanding the dynamics of the Indian airline industry can help in identifying leaders among airline stocks India.
    2. Solid Financial Position: Financially stable companies, with good cash flow and manageable debt, tend to offer more long-term value. Reviewing their aviation share price, profits, and balance sheet is crucial. Prominent listed aviation companies in India with strong financials are more likely to sustain and grow over time.
    3. Growth and Expansion Plans: Airlines placing large orders for new aircraft or expanding their routes have a higher growth potential. IndiGo and Air India, part of the list of aviation stocks in India, are examples of companies expanding their fleets. Monitoring the aviation sector companies in India helps assess growth trends and identify the top 10 aviation stocks in India.
    4. Government Support: The aviation industry benefits from policies like the UDAN scheme, which boosts regional connectivity. Companies aligned with such policies are part of the top 10 aviation companies in India and have stronger growth opportunities. Watching the airline share price of these companies offers insights into how government initiatives impact performance.
    5. Diverse Opportunities: The aviation sector companies in India encompass various market players, including those focused on cargo and passenger services. Investing in flight share or other assets of aviation companies listed in India provides exposure to a broad industry segment.

    Advantages of Investing in Airline Stocks in India

    High Growth Potential

    India's aviation sector is expanding rapidly, driven by increasing domestic and international air travel demand. Airline companies in India, such as IndiGo and SpiceJet, are experiencing significant passenger traffic growth, which can enhance profitability and influence the trajectory of the best-performing aviation stocks in the Indian airline share market.

    Government Support

    Initiatives such as the Regional Connectivity Scheme (UDAN) aim to make air travel accessible to underserved regions, enhancing airlines' operational networks and potentially boosting Indian airlines' share price.

    Infrastructure Development

    Significant investments in airport infrastructure and air traffic management systems improve operational efficiency, reducing bottlenecks and enhancing the profitability of airline company shares. These developments can positively affect the airline share price across the sector.

    Technological Advancements

    Ongoing innovations in aircraft and operations lead to efficiency gains, potentially benefiting aviation industry stocks through cost reductions and improved services, which may contribute to the growth of top airlines in India.

    Resilience to Economic Downturns

    Despite occasional fluctuations, airline stocks in India tend to rebound from economic downturns, showcasing resilience over time. This trend can be observed across major players, including NSE JetAirways, which has faced several challenges but remains a notable entity on the exchange.

    Strategic Importance

    Air travel remains a crucial aspect of global transportation, maintaining the industry's significance and investment viability, especially in a geographically vast country like India. As a result, the Indian airline share market continues to attract interest from long-term investors.

    Risks Associated with Airline Stocks

    Fuel Price Sensitivity

    Jet fuel costs form a significant part of airline expenses and are subject to volatility.

    Operational Disruptions

    Weather events, strikes, or geopolitical issues may affect schedules and revenue, influencing the overall performance of stocks in the airlines' share list.

    Regulatory Dependence

    Airlines operate under strict regulations, which may impact routes, safety, and compliance costs, affecting the financial health of aviation stocks in India.

    Economic Exposure

    Macroeconomic conditions can influence passenger demand and discretionary travel spending, impacting aviation share price and ultimately the best aviation stocks in India.

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    Factors to Consider Before Investing in Airline Stocks

    Financial Health

    You can assess the airline's financial performance, including revenue growth, profit margins, debt levels, and cash flow stability, to ensure consistent profitability. This is crucial when evaluating Indian aviation stocks.

    Fuel Costs

    Monitor fluctuations in fuel prices, as they significantly impact operating expenses and profitability. Volatility in these inputs can influence the aviation stocks in India for both long-term and short-term investment.

    Economic Conditions

    Before considering aviation industry share price movements, understand the correlation between economic growth and air travel demand. Economic slowdowns can reduce passenger numbers and impact aviation penny stocks as well.

    Government Policies

    Stay informed about regulatory changes, taxes, airport fees, and subsidies. These policy shifts may create new dynamics for the best airline stocks in India, as well as full-service and low-cost carriers, directly affecting their airline market share.

    Competition

    Evaluate the competitive landscape, including market share among airlines, pricing strategies, and the emergence of new entrants. This competitive intensity shapes the performance of Indian aviation stocks in both domestic and international markets.

    Operational Efficiency

    Analyse key performance indicators of top aviation shares, such as load factors, revenue per available seat-kilometre (RASK), and cost per available seat-kilometre (CASK) to gauge efficiency and compare with other aviation stocks in India.

    To Wrap Up

    The aviation sector in India continues to evolve with significant infrastructure investments, government initiatives, and technological advancements. While there are opportunities for growth, factors such as fuel price fluctuations, regulatory changes, and competition should be carefully considered. Investors can use Tickertape Stock Screener to analyse the performance of undervalued stocks for long-term investment and undervalued stocks for short-term gains, based on comprehensive data and individual risk assessments. Conducting thorough research and considering both market dynamics and financial health is essential when evaluating opportunities in the sector.

    Frequently Asked Questions on Airline Stocks

    1. 1. What are aviation stocks in India?

      Aviation stocks in India represent companies in the air travel and infrastructure sector. Aviation industry investment, regulatory factors, and market conditions influence performance. For a comprehensive analysis, consult stocks in the aviation sector through official market disclosures and compliance guidelines.

    2. 2. Which is the largest and best airline in India by market capitalisation?

      InterGlobe Aviation, operating as IndiGo, is the largest airline stock in the Indian market by market capitalisation. It remains a prominent player among Indian airline companies' stocks, known for its strong market presence.

    3. 3. What factors influence airline stock prices in India?

      Airline stocks in the Indian market are influenced by factors such as fuel prices, regulatory policies, competition, passenger demand, and broader economic conditions. Additionally, aviation stocks with high returns are often sensitive to these shifts.

    4. 4. Has the Indian aviation sector shown growth in recent years?

      The Indian aviation sector has seen robust growth, driven by rising passenger traffic, infrastructure development, and government policies like UDAN. The industry holds promise for high-growth aviation stocks in the future.

    5. 5. Are there any government initiatives supporting the aviation industry in India?

      The Indian government's initiatives, such as UDAN (Ude Desh ka Aam Nagrik), aim to improve regional connectivity, which benefits aviation stocks with high returns and the broader airline stocks with the best potential.

    6. 6. Who should invest in the airline sector?

      Investors interested in investing in airline companies should assess their financial goals and risk appetite. For beginners, there are the best aviation stocks, offering exposure to the sector's growth.

    7. 7. How to evaluate aviation sector stocks?

      Evaluation typically involves reviewing operational metrics like load factor, fuel costs, debt levels, and regulatory environment. Investors may also consider macroeconomic indicators, such as the growth of the aviation industry in India, which affects passenger traffic and input costs. Airline stock analysis helps in assessing these variables.

    8. 8. Is it safe to invest in airline stocks in India?

      Safety depends on market conditions, company fundamentals, and individual risk appetite. The stocks of Indian airline companies may experience volatility from external factors like fuel prices and demand shifts, requiring careful airline stock analysis. You can compare the top 10 airline stocks in India as well by using the Tickertape Stock Screener.