IndiGo flies ahead to become the 3rd-largest airline by mcap as shares hit record high

Indigo is now the third largest airline in the world by market capitalisation. InterGlobe Aviation, the operator of Indigo airline, witnessed its shares reaching a record high on Wednesday, trading 5% higher and ended at 3,806 per share.

This surge propelled Indigo to snatch the title of the third largest airline by market cap from Southwest Airlines in the U.S.

According to a report in Moneycontrol, InterGlobe Aviation has seen its stock surge by 22% in the past month, leading to a total market value of over 17.5 billion dollars.

Data indicates that Delta Air and Ryanair Holdings hold the top two positions with market capitalizations of 30.4 billion dollars and 26.5 billion dollars respectively.