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ICICI Securities Report
Liquidity management and traffic recovery remain the two most important earnings drivers for InterGlobe Aviation Ltd. going forward.
While the company has a plan for raising funds, and gradual domestic recovery is indeed in sight, international recovery remains the bigger challenge.
Due to Covid-19, IndiGo had to transform from a scheduled airline to a hybrid scheduled / charter operation, from cargo in the aircraft belly only to cargo in the cabin.
To bolster liquidity, IndiGo raised Rs 66 billion of additional funds in FY21.
Besides, the company has also announced additional liquidity measures of Rs 45 billion for FY22.
It is also considering issue of equity shares through qualified institutions placement up to Rs 30 billion.
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