Indigo Becomes World's 3rd Most Valuable Airlines With Rs 1.46 Lakh Crore Market Cap


Radhika Kajarekar

Radhika Kajarekar

Apr 14, 2024



The largest airline in India, IndiGo, overtook US-based Southwest Airlines as the third most valuable airline globally in terms of market value.

Indigo Becomes World's 3rd Most Valuable Airlines With Rs 1.46 Lakh Crore Market Cap

IndiGo Overtakes Southwest Airlines As Third Most Valuable Airline

On Wednesday, IndiGo’s share price increased by 4.73% to Rs 3,806, exceeding Southwest’s market value of $17.333 billion to reach a market capitalization of $17.605 billion.

In terms of market capitalization, Ryanair ($26.941 billion) and Delta Airlines ($30.442 billion) are the two largest airlines worldwide.

According to Bloomberg data, among the top 10 airlines worldwide, IndiGo is the sole Indian carrier.

IndiGo currently has 14,014 weekly flights, an increase of 11.2% from April of previous year.

In June 2023, IndiGo ordered 500 A320neo family aircraft from Airbus, making it one of the largest airplane orders in history. Significant aircraft orders were also placed by the Air India Group in February 2023, totaling 470 aircraft—250 from Airbus and 220 from Boeing.

India’s Aviation Market To Expand To Become Global Aviation Hub

In the next fifteen years, India’s aviation market is expected to expand to become the global aviation hub due to factors including capacity expansion, competently operated carriers, and rising demand.

Airbus sees a lot of promise for Indian aviation, taking into account things like GDP development, increased domestic travel, regaining foreign traffic, and India’s position as a connecting hub.

As per Edward Delahaye, Head of Customer Accounts for India and South Asia at Airbus, “If you add domestic traffic growth, the GDP growth in the country, recapturing a lot of international traffic from other international airports, and establishing India as a connecting place in the world, I think the prospects of Indian aviation are very bright, well beyond what we are seeing today.”

There are currently about 800 commercial aircraft flying in Indian skies, most of which are supplied by the European aircraft manufacturer Airbus.

Here are the top global airline companies by market capitalization (Mcap) as of April 10:

Delta Air Lines Inc (United States) – Mcap $30,442 Mn (Change $199 Mn)

Ryanair Holdings PLC (Ireland) – Mcap $26,941 Mn (Change $569 Mn)

InterGlobe Aviation (India) – Mcap $17,605 Mn (Change $759 Mn)

Southwest Airlines Co (United States) – Mcap $17,333 Mn (Change $239 Mn)

Air China (China) – Mcap $14,519 Mn (Change $140 Mn)

Singapore Airlines (Singapore) – Mcap $14,321 Mn (Change $224 Mn)

United Airlines Holdings Inc (United States) – Mcap $14,283 Mn (Change $43 Mn)

Turk Hava Yollari AO (Turkey) – Mcap $13,228 Mn (Change -$123 Mn)

China Southern Airlines Co (China) – Mcap $12,170 Mn (Change $61 Mn)

International Consolidated Air (Britain) – Mcap $11,131 Mn (Change $277 Mn)

ANA Holdings Inc (Japan) – Mcap $10,028 Mn (Change -$23 Mn)

China Eastern Airlines Corp (China) – Mcap $9,743 Mn (Change $93 Mn)

Deutsche Lufthansa AG (Germany) – Mcap $9,533 Mn (Change $220 Mn)

American Airlines Group Inc (United States) – Mcap $9,117 Mn (Change $33 Mn)

Japan Airlines Co (Japan) – Mcap $8,350 Mn (Change $161 Mn)


Radhika Kajarekar
Radhika Kajarekar
  • 791 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online