New Delhi, April 10: India’s biggest airline, IndiGo, overtook US-based Delta Airlines to become the world’s most valuable airline with a market capitalisation of $23.24 billion for a brief period, according to Bloomberg data.

IndiGo’s share price soared to a peak of Rs 5,265 during the day on Wednesday, taking the airline’s market cap past Delta’s $23.18 billion. The lead was short-lived, and by market close, IndiGo’s valuation slipped to $23.16 billion to end up in the second spot, a wee bit below Delta’s.

On Thursday morning, IndiGo shares were trading at Rs 5149.9 on National Stock Exchange. Shares of IndiGo have gained around 13 per cent so far this year, even as the broader Indian market suffered a slump due to external uncertainties.

IndiGo is currently the market leader in India with a 62 per cent share of the market pie.

IndiGo Airlines has also emerged as the world’s second fastest growing airline in terms of seat capacity, which increased by 10.1 per cent year-on-year to over 134.9 million seats in 2024. India’s largest airline has been ranked next only to Qatar Airways, which clocked a 10.4 per cent growth in seat capacity over the previous year, according to the latest data from Official Airline Guide (OAG).

IndiGo has also been ranked as the fastest-growing airline in the world in terms of flight frequency growth at 9.7 per cent year-on-year in 2024. The airline recorded a flight frequency of 749,156 for the year, the figures show.

OAG has also recorded that IndiGo holds one of the world’s largest aircraft orders, with over 900 aircraft on order, and was the largest recipient of 58 new Airbus aircraft during 2024. However, it also states that the airline does have a large proportion (approx. 80 aircraft) inactive with MRO-related supply chain issues.

While 88 per cent of IndiGo’s capacity is allocated to domestic markets, international growth is a key part of the airline’s strategy, with expansion during 2024 focused on regional Middle East markets and Thailand.

Long-term ambition for IndiGo includes the development of long-haul low-cost services – the airline is apparently considering bringing forward launch plans with wet lease aircraft identified for 2025.

IndiGo reported a net profit of Rs 2,449 crore in the Oct-Dec quarter of the current financial year ending on March 31, 2025. This represented an 18 per cent decline over the corresponding figure for the previous financial year. However, the airline’s revenue from operations increased 14 per cent to Rs 22,111 crore during the quarter.

IndiGo’s total income for the quarter was Rs 22,992.8 crore, which was a 14.6 per cent increase from the same period in the previous year.

The airline’s total expenses for the quarter were Rs 20,465.7 crore, which was a 19.9 per cent increase from the previous year.

The airline’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 0.7 per cent year-on-year to Rs 5,178.6 crore.

IndiGo’s load factor for the quarter stood at 86.9 per cent, which was higher than the 85.8 per cent in the same period in the previous year.

New Delhi, March 29: Prime Minister Narendra Modi on Saturday expressed deep sorrow over the catastrophic earthquake in Myanmar, which has resulted in the loss of over 1,000 lives.

In a post on X, PM Modi posted, “Spoke with Senior General H.E. Min Aung Hlaing of Myanmar. Conveyed our deep condolences at the loss of lives in the devastating earthquake.”

Under its Act East policy, India has launched ‘Operation Brahma’ to provide urgent relief to Myanmar. On Saturday, more than 15 tonnes of essential aid were dispatched following a series of powerful tremors that wreaked havoc on Friday.

Highlighting India’s unwavering commitment to assisting its neighbours in times of crisis, PM Modi further added, “As a close friend and neighbour, India stands in solidarity with the people of Myanmar in this difficult hour. Disaster relief material, humanitarian assistance, search and rescue teams are being expeditiously dispatched to the affected areas as part of Operation Brahma.”

External Affairs Minister S. Jaishankar announced the initiation of Operation Brahma, confirming that the first tranche of humanitarian aid had reached Yangon Airport on Saturday morning.

“Operation Brahma gets underway. First tranche of humanitarian aid from India has reached the Yangon Airport in Myanmar,” the EAM posted on X.

The Ministry of External Affairs emphasised India’s role as a first responder, stating that the relief consignment included tents, blankets, sleeping bags, food packets, hygiene kits, generators, and crucial medicines.

The Indian Air Force (IAF) transported the relief material aboard a C-130J aircraft from Air Force Station Hindon. The package comprises ready-to-eat meals, water purifiers, solar lamps, generator sets, and vital medical supplies such as paracetamol, antibiotics, syringes, gloves, and bandages.

Meanwhile, the Indian Embassy in Bangkok is closely monitoring developments in neighbouring Thailand, where tremors were also recorded. Officials confirmed that there have been no reports of any Indian citizens being affected.

The Embassy advised Indian nationals in Thailand to contact emergency services if needed, assuring that all Embassy staff in Bangkok and the Consulate in Chiang Mai are safe.

Mandalay, March 29: At least 1,002 were killed, 2,376 were injured, and 30 remained missing in the earthquake that rattled Myanmar, according to the Information Team of Myanmar’s State Administration Council on Saturday.

Rescue efforts have intensified in Myanmar despite severe disruptions to transportation and communication networks following a powerful 7.7-magnitude earthquake that struck the country on Friday afternoon.

The quake, which originated near Sagaing, triggered 12 aftershocks ranging from 2.8 to 7.5 in magnitude, further worsening conditions in the affected areas.

The devastation has been widespread, with Mandalay, Bago, Magway, northeastern Shan State, Sagaing, and Nay Pyi Taw among the hardest-hit regions, reports Xinhua news agency.

The Myanmar government has declared a national emergency as emergency responders work tirelessly to assist those in need.

A critical transport link, the Yangon-Mandalay highway, suffered severe damage near Nay Pyi Taw and Mandalay, making relief operations challenging.

People have resorted to using the older Yangon-Mandalay road to arrive at the quake-hit areas and facilitate rescue efforts. Additionally, the collapse of buildings in Mandalay Airport and sections of the highway has further disrupted travel between Yangon and Mandalay, Myanmar’s two largest cities.

Rescue teams, including fire service personnel from lower Myanmar, have arrived at the severely affected areas like Nay Pyi Taw and Mandalay. However, damaged infrastructure, power outages, and disruptions to phone and internet services have complicated relief efforts.

International assistance has begun arriving. A Chinese rescue team landed in Yangon on Saturday morning to support Myanmar’s emergency response and provide aid to affected communities.

As authorities and rescue teams work around the clock to assist those impacted by the disaster, Myanmar faces the daunting task of recovering from one of its most powerful earthquakes in recent history.

With critical infrastructure damaged and essential services disrupted, coordinated relief efforts are urgently needed to help survivors rebuild their lives.

Myanmar leader Senior General Min Aung Hlaing has called for humanitarian assistance from both local and international communities. On Saturday morning, Min Aung Hlaing arrived in Mandalay to facilitate the rescue operations.