Prabhudas Lilladher expects yields to remain strong during the recently concluded quarter, growing 10 per cent YoY, on the back of pricing disciple, charter and Vande Bharat flights
Analysts at Centrum Broking note that Brent crude prices declined sharply by 30 per cent YoY, while domestic ATF prices declined 32 per cent YoY, leading to lower fuel costs
The company said it has taken a number of actions to mitigate the impact and risks of Covid-19 to its business.
The analysts expect Indigo's earnings per share (EPS) to improve to Rs 71 in FY22
All that happened in the markets today
Indian airlines resumed domestic operations from May 25 after being grounded for two months
During the analysts' call post Q1FY21 results, Ronojoy Dutta, chief executive officer of the airline had said that the airline was working on the sale and lease back of their unencumbered assets
Despite the Covid-19 pandemic, analysts say the Indian aviation sector holds promise from a long-term perspective and that the macro-economic factors remain conducive
The airline recouped morning losses and was trading 1.73 per cent higher ahead of its Board meeting, scheduled for later today, to consider raising Rs 2,000 crore
The company said closure of scheduled operations till May 24, 2020 and lower capacity deployment thereafter on account of Covid-19 significantly impacted the quarterly results
Analysts at Centrum Broking estimate the airline to clock a net loss of Rs 2,672.6 crore driven by low traffic volume, low fleet utilisation and poor coverage of fixed costs
The expiry of derivative contracts of the July series tomorrow may keep today's session volatile
TITAN has been trading within 940-1030 zone for almost one and a half months, taking a pause after a sharp rebound
InterGlobe Aviation, the parent firm of IndiGo, on Tuesday reported a net loss of Rs 871 crore in the March quarter and would not be doling out any dividend
Scheduled international passenger flights continue to remain suspended in the country since March 23 due to the Covid-19 outbreak.
All that happened in the markets today
A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions
Virgin Australia Holdings Ltd's administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said
Today, a total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results
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