IndiGo Airlines has achieved a major milestone by becoming the world’s third-largest airline. According to reports, IndiGo has surpassed Southwest Airlines in terms of market capitalization. IndiGo Airlines now boasts a total market capitalization of $17.6 billion.
IndiGo’s accomplishment comes as it surpassed Southwest Airlines, which now holds a market capitalization of $17.3 billion. However, Delta Air Lines remains at the top globally with a market capitalization of $30.4 billion, while Ryanair Holdings follows closely behind with a market capitalization of $26.5 billion, making it the second-largest airline in the world.
Significant Surge in Company Shares
IndiGo’s shares performed well on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on Wednesday following this achievement. Reports indicate that shares of IndiGo’s parent company, Interglobe Aviation, have surged by approximately 50% in the past six months. IndiGo remains India’s largest airline.
Status of Other Airlines
- Air China ranks 5th with a market capitalization of $14.5 billion.
- Singapore Airlines ranks 6th with a market capitalization of $14.3 billion.
- United Airlines ranks 7th with a market capitalization of $14.3 billion.
- Turkish Airlines ranks 8th with a market capitalization of $13.2 billion.
IndiGo’s rise to the third-largest airline globally marks a significant achievement for the Indian aviation sector.