IndiGo Becomes First Indian Airline to Cross Rs 1 Lakh Crore Market Cap

Category : Business and economics Published on: July 03 2023

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IndiGo operator InterGlobe Aviation’s market capitalisation became the first Indian aviation company to cross Rs 1 trillion mark.
The low-cost carrier's shares closed at Rs 2,620 (up 3.5%) on the BSE, taking its market cap to Rs 1 lakh crore.
The Rahul Bhatia-founded IndiGo has since 2005 placed orders for 1,330 Airbus A320 planes and is scheduled to receive the remaining 980 of them by 2035.
Indigo ranks 10th in terms of market value among the world’s top-10 listed aviation firms. Delta Airlines Inc is the world’s biggest airline by value, with a market cap of $29.62 billion followed by South West Airlines Co and Ryanair Holdings PLC.
United Airlines Holdings PLC ranks at number four, followed by Air China, Singapore Airlines, China Southern Airlines, China Eastern Airlines Co and Deutsche Lufthansa.