Analysts see up to Rs 2,700 crore loss for IndiGo in June 2021 quarter

The April to June 2021 quarter (Q1FY22) could possibly have been “one of the worst quarters” for the Indian airways, think analysts, as air traffic remained muted amid the second wave of Covid-19, oil costs rose, and the rupee depreciated sequentially.

In opposition to this backdrop, industry experts think detailed airline providers – InterGlobe Aviation (IndiGo) and SpiceJet — may perhaps submit nevertheless one more quarterly loss for the period of time under study. In point, they think the sector may perhaps not switch rewarding in the course of this fiscal calendar year.

“Domestic traffic was down 53 for each cent in Q1 vs . the prior quarter, 70 for each cent decreased than pre-Covid-19 amounts and 10 for each cent decreased than our forecast of 12.two billion travellers. Given this, we forecast yields to be comfortable. Further, gasoline price tag was up 85 for each cent YoY and 12

Read More