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.
Prabhudas Lilladher Report
Interglobe Aviation Ltd.’s Q1 losses widened sequentially as demand environment collapsed, due to second Covid-19 wave thereby impacting unit spreads.
Revenue per available seat kilometre declined by 16% q-o-q led by 11.4%/ 5.7% decline in passenger load factors/ yields, while 12% q-o-q rise in aviation turbine fuel prices coupled with unabsorbed costs on lower capacity led to 44% increase in cost of available seat kilometer.
However, with declining Covid-19 cases and rising vaccination counts instilling back consumer confidence, operations have started to pick up with IndiGo currently operating at 65% of pre-Covid capacity.
Click on the attachment to read the full report:
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.