IndiGo Soars to Become World's 3rd Most Valuable Airline
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IndiGo's latest market capitalization of $17.5 billion makes it the 3rd most valuable airline company globally, behind Delta Air Lines and Ryanair.
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IndiGo's stock price has risen steadily in 2024, closing at $45.54 per share on April 10.
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The increase in stock price has boosted IndiGo's market cap above Southwest Airlines, previously the 3rd most valuable airline.
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Delta remains 2nd with a market cap of $29.8 billion, though its share price dropped recently after announcing Q1 2024 results.
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Ryanair continues to be the most valuable airline firm globally, with a market cap of $25.1 billion on Euronext Dublin.