India weekly: IndiGo overtaking Delta made headlines

India’s largest airline, IndiGo, made global headlines this month as it briefly became the world’s most valuable airline by market capitalization, reaching around $23.3 billion. This surge briefly pushed it past global giants Delta Air Lines and Ryanair, marking a symbolic high point for the Indian aviation sector.

However, the lead was short-lived. Following U.S. President Donald Trump’s announcement on easing global tariffs, Delta rebounded to a valuation of $26.66 billion, with Ryanair at $23.75 billion, reclaiming the top two spots.