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IndiGo becomes world's 3rd most valued airline on better performance
The New Indian Express
|April 11, 2024
IndiGo has become the world's third most valuable airline (in terms of market cap) as its shares surge on the back of record quarterly profits, gain in market share, improvement in yields and optimism around capacity addition.
Share prices rose 4.73% on Wednesday to settle at ₹3,807. In the past one year, the stock has rallied over 100% and its m-cap has grown to 1,46,539 crore ($17.605 bn). With this, it has surpassed m-cap of US-based Southwest Airlines (current mcap $17.333 bn).
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