Be a PRO & get up to 50% off on select brands. Explore Now

Aviation - Increased domestic PLF across players driven by low capacity addition: JM Financial

JM Financial has come out with its sector report on Aviation dated December 20, 2017. Industry’s operational performance remains top-notch.

January 11, 2018 / 06:35 PM IST

JM Financial's sector report on Aviation

 

Domestic passengers carried witnessed moderate growth of 17% in Nov’17. Domestic capacity addition (ASK) growth stood low at c.10.2%, driven by de-growth in distance flown, even as fleet addition continued. Indigo, a market leader, witnessed a YoY decline in market share, driven by muted ASK growth of c.3%, as growth in fleet addition was offset by the decline in distance flown. SpiceJet maintained market share, driven by record high PLF (95.5%). During the month, domestic PLF increased YoY across players, driven by low capacity addition. At the current crude price of USD 64/bbl and INR/USD rate of 64, aviation stocks have limited upside from CMP.


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Dec 20, 2017 06:29 pm

stay updated

Get Daily News on your Browser
Sections