Indigo turns into the world’s third largest airline: ₹1.47 lakh crore value firm, leaving Southwest Airways behind; 60% market share in India

India’s largest airline Indigo (InterGlobe Aviation) has overtaken Southwest Airways to develop into the world’s third largest aviation firm by way of market capitalization. The market-cap of the corporate has reached $17.6 billion (about ₹1.47 lakh crore).

On this checklist, US-based Delta Airways is on the first place with a market cap of $ 30.4 billion (about ₹ 2.53 lakh crore) and Ryanair Holdings is on the second place with a market cap of $ 26.5 billion (₹ 2.16 lakh crore).

Final 12 months the airline was at quantity 14
Within the final one 12 months, IndiGo has gained ten locations within the international market capitalization desk. In March final 12 months, IndiGo was ranked 14th amongst international airways. Nevertheless, the corporate continued to develop throughout this era. IndiGo overtook United Airways by December 2023 and overtook Air China in January this 12 months and Singapore Airways in February.

Firm’s shares have elevated by greater than 50% in 6 months
The corporate’s shares have given a return of 102.55% within the final one 12 months. It has elevated by 50.25% within the final 6 months, 18.25% in a month and 27.78% since January 1 this 12 months. In the present day i.e. on March 10, it closed at Rs 8,306 with a achieve of 4.73%.

Shares of Indigo i.e. InterGlobe Aviation rose 4.73% in the present day i.e. on April 10 and closed at Rs 3,806.

60% share in Indian aviation market
In accordance with the most recent knowledge from the Directorate Normal of Civil Aviation (DGCA), IndiGo has a share of 60.2% in India’s aviation sector. Air India is at second place by way of variety of passengers, its share is 12.2%. Nevertheless, the entire share of airways operating beneath Tata Group is 28.2%.

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IndiGo’s third quarter revenue elevated by 110%: Firm bought tickets value Rs 17,157 crore, 60% share in aviation market.

Indigo, the biggest flight working airline in India, has declared the outcomes for the October-December quarter in the present day i.e. on Friday (February 2). IndiGo’s web revenue in Q3FY24 elevated by 110.7% year-on-year to ₹2,998 crore. In the identical quarter final 12 months, IndiGo had registered a web revenue of Rs 1,422.6 crore. Click on right here to learn the complete information…