Aviation Sector Q3 Preview - Strong Quarter Blighted By High ATF Prices: Prabhudas Lilladher
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Prabhudas Lilladher Report
Q3 FY22 was the best quarter (in terms of ops/pax) in post pandemic world so far with India’s domestic market continuing to make swift recovery post unlock 2.0.
Industry exited CY21 on a post pandemic high with December 2021 witnessing average daily flights/ pax at 89%/ 85% of pre-Covid-19 levels and sustained improvement in load factors (up from 112 pax per flight in September 2021 to 128 in December 2021).
Elevated air turbine fuel prices (up 13% QoQ) to be a party spoiler shaving off gains from of an improved operating and yield environment, thereby reducing the extent of sequential narrowing of losses.
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