Aviation Sector Q3 Earnings Preview: Steady Flight To Recovery, Says Prabhudas Lilladher
A dust storm blows past serviced aircraft that are sealed and stored at the APAS (Photographer David Gray/Bloomberg)

Aviation Sector Q3 Earnings Preview: Steady Flight To Recovery, Says Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

In Q3, scale-up of operations continued to gather momentum with the aviation industry reaching approximately 67%-70% of pre-Covid-19 capacity in December benefiting from -

1. rising consumer confidence and 2. easing lockdown restrictions.

In December, average daily departures increased 57% over September.

Benefitting from pricing discipline during festive season and charter flights, yields are likely to remain strong (up 4%/ 8% for Interglobe Aviation Ltd./ Spicejet Ltd.).

Click on the attachment to read the full report:

Prabhudas Lilladher Aviation sector Q3 Preview.pdf

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