Outperforms expectations in a seasonally strong quarter

11 Mar 2024
5 Min read 
  • IndiGo reported better-than-expected results in 3QFY24, aided by lower operating and fuel costs.
  •  The company's revenue passenger kilometers (RPK) and passenger load factor (PLF) were higher than estimated.
  •  The yield declined in January 2024 due to seasonality but remained steady on a YoY basis.
  •  IndiGo is facing challenges with grounded aircraft and supply chain issues but maintains its capacity guidance for FY25.
  •  The company is working on increasing its international presence through partnerships and loyalty programs.
  •  Despite challenges, the aviation sector remains positive, and IndiGo's stock is rated as neutral with a target price of INR3,300.
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