IndiGo, has achieved the status of the sixth-largest airline globally in terms of market capitalization. With a valuation of $13.80 billion, IndiGo has outpaced United Airlines, whose market capitalization stands at $13.48 billion.
The rise in IndiGo’s market capitalization is attributed to a 1.73 percent increase in InterGlobe Aviation shares, closing at Rs 2,982.50 on the BSE.
This year, the stock has increased by more than 49 percent. It has experienced positive trading for 12 straight sessions and has returned 16 percent since November 28. While United Airlines saw a USD 10-billion erosion in market valuation during the same period, indigo airlines has multiplied threefold since listing.
Positive attention has been drawn to IndiGo’s strategic positioning in the market and its growing market share in Go First’s absence. The airline further enhanced its strong market performance in September indigo flight booking when it surprised analysts by declaring a net profit for the quarter.indigo ticket