IndiGo airlines, a major player in the indian aviation sector, has achieved a significant milestone by becoming the third-largest airline globally in terms of market capitalization. With a market cap of $17.6 billion, indigo has surpassed South west airlines, which stands at $17.3 billion. Currently, Delta air Lines leads the pack with a market cap of $30.4 billion, followed by Ryanair Holdings at $26.5 billion.
The remarkable performance of IndiGo's parent company, Inter globe Aviation, is evident from its stock's impressive growth of nearly 50% over the past six months. indigo holds the top spot among indian airlines and has seen a substantial rise in its market cap ranking globally. Other notable airlines in this ranking include air China, singapore airlines, United airlines, and Turkish Airlines.
In just one year, indigo has ascended ten places in global market capitalization rankings, highlighting its exceptional performance and market dominance. Predictions from Morgan Stanley further bolster confidence in the company's future growth trajectory. Moreover, indigo continues to enhance its operational capabilities, with an increase in earnings per passenger.
The upward trajectory of IndiGo's stock is evident from its recent gains, with shares witnessing a surge of over 4% on both the National Stock Exchange (NSE) and bombay Stock Exchange (BSE) on Wednesday, reaching 3795 points. Year-to-date, IndiGo's stock has recorded a significant increase of approximately 28%, reflecting investor confidence and positive market sentiment towards the company's prospects.
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