Interglobe Aviation Ltd
IndiGo now world's 3rd largest airline by mcap
Apr 11,2024
IndiGo, India's largest airline, on Wednesday pipped US-based Southwest
Airlines in terms of market capitalisation (mcap) to become the world's
third- most valuable airline, according to Bloomberg data. IndiGo's share
price jumped by 4.73 per cent to ~3,806 on Wednesday. Its mcap jumped to
$17.605 billion, ahead of Southwests mcap of $17.333 billion. The world's
top two airlines in terms of market cap are Delta Airlines ($30.442
billion) and Ryanair ($26.941 billion). IndiGo is the only Indian carrier
among world's top 10 airlines, Bloomberg data said.