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Prabhudas Lilladher Report
InterGlobe Aviation Ltd.’s Q2 losses narrowed sequentially as industry witnessed a swift recovery post second Covid-19 wave aided by-
rising consumer confidence with low Covid-19 incidence,
rising vaccination counts and
relaxation of state testing norms.
Revenue per available seat kilometer grew by 32% QoQ led by 12%/ 20% increase in passenger load factors/ yields, while cost of available seat kilometer declined 18.7% QoQ on the back of increased capacity deployment.
Recovery continued in October 2021 with revenue booked/ day reaching January 2020 levels despite 20% lower capacity deployment.
With corporate travel expected to pick up post Diwali (currently at 50% of pre-Covid-19) coupled with continued momentum from tier II/III cities, IndiGo remains optimistic on H2 demand environment and is focusing on deploying additional capacity in a responsible manner.
However, rising crude environment remains a worry.
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