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Prabhudas Lilladher Report
Interglobe Aviation Ltd.'s reported a disappointing Ebitdar of 1.3%, impacted by soaring fuel costs, higher forex losses and demand affected by Omicron wave.
The company was able to maintain yields at Rs 4.4, alike QoQ. Load factors at 76.5% contracted 300 basis points QoQ impacted by lower revenue per available seat-kilometer (down 3% QoQ).
Despite demand recovery in April-May 2022 profitability will remain impacted in the next quarter, due to higher aviation turbine fuel prices and rupee depreciation.
However, over medium to long term IndiGo remains optimistic on long term demand opportunities and is focused on-
higher capacity deployment (management highlighted 50% plus growth in FY23) as domestic demand improves and international travel comes back,
responsibly fortifying and widening of its domestic network,
increasing cargo revenue and
softening of commodity costs.
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