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
We expect Interglobe Aviation Ltd. to show an improved QoQ performance in Q3 FY22 driven by better passenger load factors and fares along with higher capacity flown offset by higher crude prices. However, rising Omicron cases pose a concern for the Q4 outlook.
Q3 FY22 yields would be a reflection of pent-up demand, in our view. We expect revenue per available seat kilometre for IndiGo to be Rs 4.12 in Q3 FY22 compared to Rs 3.7 in FY20.
We estimate loss of Rs 2 billion in Q3 FY22 for IndiGo. We expect Q3 FY22 financials to reflect the impact of higher crude oil prices, offset by higher demand. Thus, for IndiGo, we expect fuel cost per available seat kilometre to increase 11% QoQ in Q3 FY22, while revenue per available seat kilometre is expected to rise by 16% QoQ.
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.
