India’s IndiGo Emerges As The Most Valuable Airline In World

India’s largest and affordable airline, IndiGo, has made history by becoming the most valuable airline globally, surpassing all international peers.

In just one year, it went beyond global giants like Delta Airlines and Ryanair to occupy the world’s top position by market capitalization.

It was occupying the fourth position a year ago but now, it jumped to the first position with its shares surging 35% from their November lows. In contrast, Delta’s stock has tumbled nearly 50% in the last two months.

IndiGo Airlines stocks gained 13% so far pushing its market cap past Rs 2 lakh crore ($23.3 billion). The IndiGo stock ended nearly 1% higher on Wednesday, defying the broader market trend.