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IndiGo: Weak demand outlook makes us wait

Aviation is one of worst affected sectors due to COVID-19. This is clearly visible in IndiGo airlines operator InterGlobe Aviation's June quarter numbers

July 30, 2020 / 11:19 AM IST
IndiGo: Weak demand outlook makes us wait

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Aviation is one of worst affected sectors due to COVID-19. Carriers have been facing significant financial distress. This is clearly visible in IndiGo airlines operator InterGlobe Aviation Ltd’s (CMP: Rs945.5, Mcap: Rs36,386 crore) June quarter numbers. Though the economy is opening up slowly and airlines have been permitted to operate at one-third capacity, demand is expected to remain muted in the months to come. We advise investors to wait for the opening up of domestic and international routes before buying...

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