IndiGo momentarily surpasses Delta in terms of market value, claiming the position as the world's most valuable airline.

IndiGo, the Indian low-cost carrier, has made a significant leap in the aviation industry, becoming the world's most valuable listed airline. The airline's market cap reached a record $24.1 billion, surpassing that of Air France-KLM and Lufthansa Group combined.

During the trading session, IndiGo's share price growth outpaced the benchmark NSE Nifty 50 index, with the shares hitting a record high, surging by 4.8% in Mumbai trading. This strong share performance has contributed significantly to IndiGo's success.

While IndiGo's larger revenue base compared to Delta Air Lines may have played a part, the airline's growth has been driven by a combination of strong operational performance and favourable industry trends. IndiGo's domestic market share increased to 68.1% in the financial year 2021-2022, reflecting its dominant position in the Indian market.

IndiGo's international operations contributed 23.3% of its total revenues in the same period, indicating a balanced growth strategy. Despite Delta Air Lines' larger revenue base, investor optimism exists for IndiGo, with its strong financial performance leading to increased investor confidence in the airline.

On the other hand, Delta Air Lines' share price dropped by 2.5% in New York trading, reflecting a different market sentiment.

IndiGo Airlines was founded in early 2006 by Rahul Bhatia of Interglobe Enterprises and Rakesh Gangwal. The airline has been a significant player in the Indian aviation sector, benefiting from favourable industry trends and its focus on operational efficiency.

The success of IndiGo is not solely based on its larger revenue base compared to Delta Air Lines. It is a testament to the airline's strategic decisions, operational excellence, and investor confidence. As of now, IndiGo stands as a beacon of success in the global aviation industry.