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Aviation Sector Q3 Preview - Strong Quarter Blighted By High ATF Prices: Prabhudas Lilladher

Aviation Sector Q3 Preview - Strong Quarter Blighted By High Air Turbine Fuel Prices: Prabhudas Lilladher

<div class="paragraphs"><p>An aircraft wing in flight surrounded by cloud. (Photographer:Billy H.C. Kwok/Bloomberg)</p></div>
An aircraft wing in flight surrounded by cloud. (Photographer:Billy H.C. Kwok/Bloomberg)

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

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.

Click on the attachment to read the full report:

Prabhudas Lilladher Aviation Q3FY22 Earnings Preview.pdf

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