IndiGo Soars to Sixth-Largest Airline Globally with $13.80 Billion Market Cap

14 Dec 2023 , 12:49 PM

IndiGo becomes the sixth-largest airline globally by market capitalization, valued at $13.80 billion, surpassing United Airlines at $13.48 billion.

The achievement follows a 1.73% increase in the closing shares of parent company InterGlobe Aviation, reaching Rs 2,982.50 on the BSE. Delta Air Lines leads the airline group with a market capitalization of $26.54 billion.

InterGlobe Aviation shares hit a milestone, crossing Rs 3,000 for the first time, showcasing the longest winning streak since its 2015 IPO. The stock has traded positively for 12 consecutive sessions, delivering a 16% return since November 28 and a remarkable 49% increase year-to-date.

IndiGo’s market valuation has tripled since its listing, while United Airlines faced a $10 billion erosion during the same period.

For feedback and suggestions, write to us at [e-mail]