IndiGo, the biggest airline in India, has surpassed United Airlines to take the sixth spot in terms of size. Six months have passed since IndiGo first managed to rank among the top 10 airlines in the world. IndiGo's parent company, InterGlobe Aviation, has a $13.8 billion market worth as of today, December 13, the close of business. Based on the facts, this means that it is about $310 million more than United Airlines.
Notably, in 2023, IndiGo’s shares have exhibited an impressive return of nearly 50%, while United Airlines, headquartered in Chicago, experienced a more modest gain of 9% during the same period.
IndiGo’s market valuation has witnessed a three-fold surge since its listing, in stark contrast to United Airlines, which faced a decline of approximately $10 billion over the same timeframe.
Since the firm went public in 2015, InterGlobe Aviation's shares have had the longest winning streak after surpassing the £300 million mark for the first time. For the twelfth straight session, the stock has been rising, bringing its total return since the streak's start on November 28 to 16%.