At its height, IndiGo was valued at $27.3 billion, placing it at the top of the global airline market-cap table. But a seven-session losing streak has wiped out nearly $4.5 billion in value — a decline almost equal to the airline’s listing-day market cap of $4.8 billion in November 2015.
Eight months after briefly dominating the global airline valuation leaderboard, IndiGo has quietly slipped from its top position. The carrier — which controls about 65% of India’s domestic aviation market — now ranks fifth globally with a market capitalisation of around $21 billion, down sharply from its August peak.
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