Indigo: Post-Covid-19 Recovery Hits An Air Pocket, Says Motilal Oswal
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.
Motilal Oswal Report
The recent spike in Covid-19 cases in India weighs heavily on the aviation sector, with flyers confidence tanking, leading to further delays in the recovery of demand.
Daily passenger demand dropped by approximately 13% to ~246,600 passengers in the last week of March 2021 (versus the last week of February 2021 – when the peak was recorded), resulting in no month-on-month improvement in traffic (still down ~37% to pre-Covid-19 levels).
In April 2021, demand further fell by ~5% from the last week’s average of March-21 to ~233,000 passengers per day.
As per our airfare tracker, yields in March-21 increased by 2-5% month-on-month, but down 13- 14% QoQ in Q4 FY21.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.