Top 10 airlines in world by market capitalisation; how IndiGo secured third rank

New Delhi: Shares of Interglobe Aviation, the operator of IndiGo airline, surging over 50 per cent in the last six months, the market capitalisation of India’s biggest airline by market share touched nearly $17.6 billion. With m-cap soaring, IndiGo surpassed US-based Southwest Airlines in terms of market capitalisation, and is now ranked third in the world by market value, after Delta Air Lines and Ryanair Holdings.

In this article, let’s have a look at the top 10 airlines in the world in terms of market capitalisation.

US-based Delta Air Lines tops the chart with a market capitalisation of around $30.4 billion, the data shared by Bloomberg mentioned. The second rank was secured by Ryanair Holdings, with a market capitalisation of $26.5 billion.

India’s IndiGo was placed at third position with a market capitalisation of over Rs 1,46,000 crore ($17.5 billion). The m-cap jumped after the Interglobe Aviation share price jumped 4.54 per cent to settle at Rs 3,796.55 on the BSE on April 10, 2024. The airline commands 60.1 per cent market share as of February 2024. It may be noted that in the past four days, the airline stock zoomed 9 per cent, adding Rs 12,175.7 crore to its market valuation.

InterGlobe Aviation, the company which operates IndiGo airline, has benefitted from the air travel demand in the Indian market and the Vistara flight cancellations and other factors.

World’s top 10 airlines with highest market capitalisation

Air fares to increase in India

People planning to travel via flights will have to shell out more for domestic flights this summer season. The airfares are expected to surge 20-25 per cent amid Vistara flight cancellations and strong air travel demand.

Jagannarayan Padmanabhan, Senior Director and Global Head, Transport, Mobility, and Logistics Consulting at CRISIL Market Intelligence and Analytics, predicted that the impact of higher airfares on travellers is expected to be substantial.

“As we enter the busy season, we anticipate a 5-7 per cent increase in airfare, with pricing pressure particularly notable on trunk routes like Delhi-Mumbai and Mumbai-Bengaluru. Given that much of the upcoming travel will be for personal reasons and with family, the impact is expected to be substantial.

“Consequently, a considerable number of travellers might choose rail travel for shorter distances instead,” he noted.