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
Fourth quarter is normally a weak quarter for airlines, more so in Q4 FY21 due to higher crude prices.
However, higher number of passengers will incrementally help airlines absorb costs on a sequential basis.
We estimate Q4 /FY21 loss of Rs 7.6 billion/54 billion for InterGlobe Aviation Ltd. and Rs 967 million/8.7 billion for SpiceJet Ltd.
Without factoring in the currency-related impact, we expect IndiGo and SpiceJet to report Q4/FY21 loss of Rs 7.4 billion/60.4 billion and Rs 917 million/9.5 billion, respectively.
Click on the attachment to read the full report:
DISCLAIMER
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
