ICICI Securities: IndiGo - A Play On Covid-19 Recovery 
An aircraft operated by IndiGo, a unit of InterGlobe Aviation Ltd., prepares to land at Chhatrapati Shivaji International Airport in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: IndiGo - A Play On Covid-19 Recovery 

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.

ICICI Securities Report

IndiGo will remain one of the biggest beneficiaries of expected recovery from Covid-19 with healthy signs of return of air traffic, steady passenger load factors complemented by strong balance sheet.

The pace of cash erosion has slowed down, while the liquidity measures taken by the company has added to the business strength.

However, expected delay in return of corporate traffic could lead to lower fares, which will put pressure on earnings in FY21.

Click on the attachment to read the full report:

ICICI Securities Indigo Q2FY21 Results Update.pdf

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