Indigo Airline becomes the third largest airline in the world

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Indigo Airline Surges to Become World's Third Larges
Indigo Airline Surges to Become World's Third Larges

INVC NEWS
Mumbai  : According to the data, Delta Air and Ryan Air Holdings are currently ahead of IndiGo with m-cap of $30.4 billion and $26.5 billion respectively. BSE data IndiGo has now become the third largest airline in the world in terms of market capitalization (M-cap). Shares of InterGlobe Aviation Ltd, which operates the airline, hit a lifetime high during intra-day on Wednesday (April 10). During this period, the company’s shares rose by about five percent.

According to Bloomberg, Delta Air and Ryan Air Holdings are currently ahead of IndiGo with m-caps of $30.4 billion and $26.5 billion respectively. According to BSE data, IndiGo’s market cap reached about $ 17.7 billion (Rs 1,46,936.30 crore) on Wednesday due to the surge in shares. According to Bloomberg data, IndiGo was set to become the world’s sixth largest airline in December 2023, overtaking United Airlines.

Shares of low-cost budget airline IndiGo opened at Rs 3689.95 on the BSE on Wednesday and hit a 52-week high of Rs 3,815.10. At the close of trading, Indigo shares closed at Rs 3,806.85 with a gain of 4.82 percent.

Apart from today’s rise, IndiGo shares have gained nearly 22 per cent in the last one month, taking the airline’s m-cap to Rs 1,46,936.30 crore, or about $17.7 billion (as of April 10), according to BSE data. Went.

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