IndiGo becomes world’s 2nd largest airline by market cap, inching closer to #1

IndiGo (InterGlobe Aviation) has just surpassed global heavyweights like Ryanair, Singapore Airlines, and Lufthansa to become the 2nd most valuable airline in the world by market capitalization : $23.16 billion and counting.

It now trails only Delta Airlines.

But here’s the catch: • 25th in terms of revenue • 15th in earnings • 18th in employee count

Despite being an average by traditional metrics, IndiGo is closer to becoming number 1 in the world.

why the insane valuation?