IndiGo, India’s largest airline, has elevated its position to become the sixth-largest airline, surpassing United Airlines. This development comes six months after IndiGo initially secured a spot in the world’s top 10 airlines.
As of the market close on Wednesday, December 13, InterGlobe Aviation, the parent company of IndiGo, boasts a market valuation of $13.8 billion. This figure places it approximately $310 million ahead of United Airlines, according to the data.
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.
