InterGlobe Aviation, the operator of IndiGo, has become the first Indian aviation company to surpass a market capitalization of Rs 1 trillion. On Wednesday, the shares of the largest Indian airline reached a record high of Rs. 2,635. So far this year, the stock has experienced a 28% increase.
IndiGo becomes First Indian Aviation Company to surpass a M-Cap of Rs 1 trillion
Despite Go First’s grounding, InterGlobe has managed to secure the majority of the market share, solidifying its position as the top airline in India. This achievement can be attributed to improved yields and passenger load factor. IndiGo has significantly expanded its fleet, growing from just over 100 aircraft in 2016 to now more than 300. Following a recent order for 500 Airbus A320 family aircraft, which is the largest single aircraft purchase order ever made by any airline with Airbus, IndiGo plans to double its fleet size by 2030.
In terms of market value, IndiGo holds the 10th position among the top 10 listed aviation companies worldwide. According to DCGA data, the airline carried 61.4% of domestic air traffic in May.
More About IndiGo
IndiGo Airlines, officially called InterGlobe Aviation Limited, is an Indian airline based in Gurugram, Haryana, India. It was established in 2006 by Rahul Bhatia and Rakesh Gangwal with the aim of offering affordable air travel options within India. It holds the position of being the largest airline in India in terms of market share, a position it has consistently maintained for several years.
With a focus on domestic routes within India, it operates both domestic and international flights. It has a fleet consisting primarily of Airbus A320 and A321neo aircraft.The airline is renowned for its punctuality and efficiency, receiving numerous accolades and recognition for its on-time performance and customer service. It follows a low-cost carrier model, providing a no-frills experience with additional services available for an extra fee, such as seat selection, in-flight meals, and extra baggage allowance.
IndiGo Airlines has demonstrated consistent profitability and financial stability, contributing to its growth and success in the Indian aviation industry. Its competitive pricing, reliability, and customer-centric approach have helped it build a strong customer base and foster brand loyalty.
