IndiGo operator InterGlobe Aviation’s market capitalisation became the first Indian aviation company to cross Rs 1 trillion mark.
Shares of the largest Indian airline recorded an all-time high of Rs. 2,635 in Wednesday’s trade. The stock has rallied 28% in the year-to-date period.
Amidst the grounding of Go First, InterGlobe has gained the majority of market share to cement its number one position on the back of improvement in yields and passenger load factor.
IndiGo has expanded its fleet to more than 300 aircraft, from a little over 100 in 2016. The airline plans to double its fleet size by 2030 after the recent order for 500 Airbus A320 family aircraft, the biggest-ever single aircraft purchase order by any airline with Airbus.
IndiGo is India’s largest airline and ranks 10th in market value among the world’s top 10 listed aviation firms. As per DCGA data, it carried 61.4% of domestic air traffic in May.
IndiGo Becomes First Indian Airline to Cross Rs 1 Lakh Crore Market Cap - Equitypandit - EquityPandit
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