Pricing woes unlikely to continue much beyond Q2FY24 for lnterGlobe Aviation

Oct 09, 2023

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InterGlobe Aviation (INDIGO)


  • Pricing woes unlikely to continue much beyond Q2FY24.
  • We highlight the improving trajectory of forward prices, reflecting the case of airlines passing on the cost increase.
  • The rates 10 weeks in advance are higher than current rates and up 20% yoy.
  • P&W (Pratt & Whitney) woes are now likely to impact profitability over FY2024-26, a transitory issue.
  • We expect earnings per share (EPS) of Rs185.7 in FY24E and Rs179.7 in FY25E. 

 
Note: The above is a brief note on the company, based on the inputs of the KIE research report dated 25th September 2023, which is available on their website at: https://www.kotaksecurities.com/ksweb/ResearchCalVFundamental. 

Disclaimer: http://bit.ly/2n5Ax1E 

https://www.kotaksecurities.oom/ksweb/research/kotak-research-reports/top-weekly-picks 

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