Indigos return to profit fuelled by softening of ATF prices and increasing demand: Check details
Being a market leader and having stability in airfares will benefit the airlines since ATF (Aviation Turbine Fuel) accounts for about 40 per cent of airlines expenditure.
Interglobe Aviation – the operator of India’s largest airline IndiGo — has corrected its course and it now looks set to return to path of profit. The domestic airline is expected to return to profitability in quarter 3 of financial year 23. It comes as a relief to the company due to softening of fuel prices and increasing demand.
Being a market leader and having stability in airfares will benefit the airlines since ATF (Aviation Turbine Fuel) accounts for about 40 per cent of airlines' expenditure.
The airline reported 8.9 per cent year-on-year (YOY) increase in fly per week in November whereas the airline's rival- SpiceJet reported 27 per cent year-on-year (YOY) drop in SpiceJet flights per week in November.
The airline is expected to a recovery and Rs 2800 crore profit is possible in H2FY23. The airline had earlier reported a loss of Rs 2647 crore in H1FY23.
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