IndiGo, India’s largest airline, has overtaken US-based Southwest Airlines in market capitalization, securing the third position globally. With a share price surge of 4.73% on Wednesday, IndiGo’s market cap reached $17.605 billion, outpacing Southwest’s $17.333 billion. IndiGo’s strategic growth is evident, as it currently operates 14,014 flights per week, a notable increase from the previous year. Moreover, its substantial aircraft orders reflect confidence in India’s burgeoning aviation sector, positioning the country as a future aviation hub according to industry experts.
IndiGo Surpasses Southwest Airlines to Become World’s Third Most Valuable Airline
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