India&rsquo;s biggest airline, IndiGo, overtook US-based Delta Airlines to become the world&rsquo;s most valuable airline with a market capitalization of $23.24 billion for a brief period, according to Bloomberg data.
IndiGo&rsquo;s share price soared to a peak of ₹5,265 during the day on Wednesday, taking the airline&rsquo;s market cap past Delta&rsquo;s $23.18 billion. The lead was short-lived, and by market close, IndiGo&rsquo;s valuation slipped to $23.16 billion to end up in the second spot, a wee bit below Delta&rsquo;s.
On Thursday morning, IndiGo shares were trading at ₹5149.9 on the National Stock Exchange. Shares of IndiGo have gained around 13% so far this year, even as the broader Indian market suffered a slump due to external uncertainties.
IndiGo is currently the market leader in India with a 62% share of the market pie.
IndiGo Airlines has also emerged as the world&rsquo;s second fastest growing airline in terms of seat capacity, which increased by 10.1% year-on-year to over 134.9 million seats in 2024. India&rsquo;s largest airline has been ranked next only to Qatar Airways, which clocked a 10.4% growth in seat capacity over the previous year, according to the latest data from Official Airline Guide (OAG).
IndiGo has also been ranked as the fastest-growing airline in the world in terms of flight frequency growth at 9.7% year-on-year in 2024. The airline recorded a flight frequency of 749,156 for the year, the figures show.
OAG has also recorded that IndiGo holds one of the world&rsquo;s largest aircraft orders, with over 900 aircraft on order, and was the largest recipient of 58 new Airbus aircraft during 2024. However, it also states that the airline does have a large proportion (approx. 80 aircraft) inactive with MRO-related supply chain issues.
While 88% of IndiGo&rsquo;s capacity is allocated to domestic markets, international growth is a key part of the airline&rsquo;s strategy, with expansion during 2024 focused on regional Middle East markets and Thailand.
Long-term ambition for IndiGo includes the development of long-haul low-cost services&mdash;the airline is apparently considering bringing forward launch plans with wet lease aircraft identified for 2025.
IndiGo reported a net profit of ₹2,449 crore in the Oct-Dec quarter of the current financial year ending on March 31, 2025. This represented an 18% decline over the corresponding figure for the previous financial year. However, the airline&rsquo;s revenue from operations increased 14% to ₹22,111 crore during the quarter.
IndiGo&rsquo;s total income for the quarter was ₹22,992.8 crore, which was a 14.6% increase from the same period in the previous year.
The airline&rsquo;s total expenses for the quarter were ₹20,465.7 crore, which was a 19.9% increase from the previous year.
The airline&rsquo;s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 0.7% &nbsp;year-on-year to ₹5,178.6 crore.
IndiGo&rsquo;s load factor for the quarter stood at 86.9%, which was higher than the 85.8% in the same period in the previous year.
&mdash;IANS
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April 10, 2025 | 18:50 IST