IndiGo  Emerging Stronger From Covid-19 Air Pocket: Prabhudas Lilladher 
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)

IndiGo Emerging Stronger From Covid-19 Air Pocket: 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

Interglobe Aviation Ltd.’s management remains optimistic about sustainability of demand momentum and expects to operate at 75-80% of last year capacity in Q4 FY21 while achieving 100% of domestic/international capacity by April- December 2021 given -

  1. the emergence of traffic from non-metro cities in post-Covid-19 era
  2. gradual opening up of International operations
  3. recovery in corporate air travel.

Although fixed cash burn has reduced from Rs 400 million per day in March to Rs 150 million per day in Dec-20, management remains cautious in the near term given -

  1. rising crude oil prices and
  2. volatility in demand with Q4 being a seasonally weak quarter.

Click on the attachment to read the full report:

Prabhudas Lilladher Interglobe Aviation Q3FY21 Result Update.pdf

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