Markets
Which Airlines are Ordering the Most Commercial Jets?
See this visualization first on the Voronoi app.
Which Airlines are Ordering the Most Commercial Jets?
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Commercial jet orders hit records in 2023 as travel demand soared.
India’s IndiGo airline ordered 500 jets in June, estimated to be valued at a $55 billion list price. In reality, this price is likely lower given that it was a large order (the financial statements have not yet been disclosed). Just months earlier, Air India ordered 470 jets.
The last time an order was this large was in 2011 with American Airlines purchasing 460 aircraft.
This graphic, from Julie Peasley, shows the biggest orders of aircraft around the world in 2023.
Which Airlines Bought the Most Aircraft?
The aircraft industry is run by a duopoly between Boeing and European giant Airbus, with a commercial jet running at more than $100 million.
Here are the top airlines by aircraft orders in 2023:
Ranking | Airline | Country | Number of Aircraft Ordered in 2023 |
---|---|---|---|
1 | IndiGo | 🇮🇳 India | 500 |
2 | Air India | 🇮🇳 India | 470 |
3 | Southwest Airlines | 🇺🇸 U.S. | 156 |
4 | Emirates | 🇦🇪 UAE | 156 |
5 | Ryanair | 🇮🇪 Ireland | 150 |
6 | United Airlines | 🇺🇸 U.S. | 110 |
7 | Wizz Air | 🇭🇺 Hungary | 75 |
8 | Qatar Airways | 🇶🇦 Qatar | 73 |
9 | SunExpress | 🇹🇷 Türkiye | 45 |
10 | Avolon | 🇮🇪 Ireland | 40 |
11 | Riyadh Air | 🇸🇦 Saudi Arabia | 39 |
12 | Saudia | 🇸🇦 Saudi Arabia | 39 |
13 | Pegasus | 🇹🇷 Türkiye | 36 |
14 | Cathay Pacific | 🇭🇰 Hong Kong SAR | 32 |
15 | Flynas | 🇸🇦 Saudi Arabia | 30 |
16 | flydubai | 🇦🇪 UAE | 30 |
17 | airBaltic | 🇱🇻 Latvia | 30 |
As the above table shows, airlines in India purchased more jets than the next 13 countries combined.
Travel demand in India is projected to boom as the most populous country in the world continues to grow. India is the world’s third-biggest domestic aviation market and by 2042, its market is projected to be five times larger than 2019 levels.
Across India, discretionary spending accounted for 24% of household consumption in 2020, up from 13% in 2000.
Southwest Airlines and United Airlines each purchased over 100 jets. U.S. air travel hit records last year at 16.3 million flights.
Saudi Arabia’s new airline, Riyadh Air, purchased 39 jets as the country looks to boost international tourism. Prior to 2019, most foreign visitors couldn’t travel to the country. The airline is financed by the Public Investment Fund, the Saudi sovereign wealth fund and one of the biggest in the world. This investment is projected to add $20 billion to the economy.
Safety Concerns in the Spotlight
After a window blew out of a Boeing 737 Max 9 aircraft in early January, regulators are requiring the temporary grounding of almost 200 planes for safety inspections.
The Max 9’s are used by just two American airline operators, Alaska Air and United Airlines.
Prior to this incident, deliveries of Max 9’s were delayed due to potential manufacturing flaws involving loose bolts in the rudder-control system. In 2018 and 2019 an earlier version of these planes, the Max 8, crashed twice resulting in the death of 346 passengers. Max 8 and 9 planes were grounded for two years.
The two fatal crashes have cost Boeing an estimated $20 billion in settlements and fines, including a $2.5 billion criminal investigation settlement surrounding safety issues.

This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.
Markets
Charted: The Global Mining Industry, by Market Cap
Australia tops the list, with its major mining companies totaling $353 billion in market cap.

Charted: The Global Mining Industry, by Market Cap
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
This graphic breaks down the market value of the entire global mining industry, as of Jan. 16, 2025, using data from Companiesmarketcap.com.
Note that this data only covers publicly-traded companies.
Australia and Canada Lead
Australia tops the list, with its major mining companies totaling $353 billion in market capitalization. The country is home to two of the biggest miners in the world, BHP and Rio Tinto.
Rank | Country | Company | Market Cap (USD) |
---|---|---|---|
1 | 🇦🇺 Australia | BHP Group | 125B |
2 | 🇨🇳 China | China Shenhua Energy | 103B |
3 | 🇦🇺 Australia | Rio Tinto | 97B |
4 | 🇺🇸 U.S. | Southern Copper | 77B |
5 | 🇺🇸 U.S. | Freeport-McMoRan | 58B |
6 | 🇨🇭 Switzerland | Glencore | 55B |
7 | 🇸🇦 Saudi Arabia | Maaden | 49B |
8 | 🇺🇸 U.S. | Newmont | 48B |
9 | 🇨🇦 Canada | Agnico Eagle Mines | 43B |
10 | 🇮🇩 Indonesia | Bayan Resources | 42B |
11 | 🇲🇽 Mexico | Grupo México | 39B |
12 | 🇦🇺 Australia | Fortescue | 36B |
13 | 🇬🇧 UK | Anglo American | 37B |
14 | 🇧🇷 Brazil | Vale | 37B |
15 | 🇨🇳 China | Zijin Mining | 57B |
16 | 🇮🇳 India | Coal India | 27B |
17 | 🇨🇦 Canada | Barrick Gold | 28B |
18 | 🇨🇦 Canada | Wheaton Precious Metals | 27B |
19 | 🇨🇦 Canada | Nutrien | 26B |
20 | 🇨🇦 Canada | Franco-Nevada | 24B |
21 | 🇨🇦 Canada | Teck Resources | 22B |
22 | 🇨🇦 Canada | Cameco | 22B |
23 | 🇬🇧 UK | Antofagasta | 21B |
24 | 🇮🇳 India | Vedanta | 20B |
25 | 🇷🇺 Russia | Nornickel | 18B |
26 | 🇨🇦 Canada | Ivanhoe Mines | 15B |
27 | 🇨🇳 China | Yanzhou Coal Mining | 15B |
28 | 🇨🇦 Canada | Kinross Gold | 13B |
29 | 🇦🇺 Australia | Northern Star | 12B |
30 | 🇷🇺 Russia | Severstal | 11B |
31 | 🇨🇦 Canada | First Quantum Minerals | 11B |
32 | 🇰🇿 Kazakhstan | Kazatomprom | 10B |
33 | 🇦🇺 Australia | South32 | 10B |
34 | 🇺🇸 U.S. | Royal Gold | 9B |
35 | 🇨🇳 China | Ganfeng Lithium | 9B |
36 | 🇸🇪 Sweden | Boliden | 8B |
37 | 🇨🇦 Canada | Alamos Gold | 8B |
38 | 🇨🇦 Canada | Pan American Silver | 8B |
39 | 🇨🇳 China | Tianqi Lithium | 7B |
40 | 🇦🇺 Australia | Evolution Mining | 7B |
41 | 🇨🇦 Canada | Lundin Mining | 7B |
42 | 🇮🇳 Indonesia | NMDC | 7B |
43 | 🇨🇦 Canada | Lundin Gold | 6B |
44 | 🇮🇩 India | United Tractors | 6B |
45 | 🇯🇵 Japan | Sumitomo Metal Mining | 6B |
46 | 🇲🇽 Mexico | Fresnillo | 6B |
47 | 🇵🇱 Poland | KGHM | 6B |
48 | 🇿🇦 South Africa | Harmony Gold | 6B |
49 | 🇬🇧 UK | Endeavour Mining | 5B |
50 | 🇿🇦 South Africa | Impala Platinum | 5B |
🌍 Global Total | All Companies Combined | 1.4T |
Rich in minerals, Australia is the world’s largest producer of iron ore, essential for steel production, and lithium, a key component in batteries.
While Canada’s economy has struggled to keep pace with its southern neighbor, its mining industry remains formidable.
The country’s mining sector has a combined market capitalization of $344 billion, making it the second-largest globally.
Canada, the world’s second-largest country by area after Russia, has vast natural resource wealth. It is particularly rich in gold, copper, nickel, and potash.
United States with miners totaling $228 billion and China with companies totaling $206 billion come in third and forth, respectively.
Learn More on the Voronoi App 
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