BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Domestic passenger trend remains strong with daily count of more than 420k. This is also complemented by an increase in PLFs as we enter the seasonally strong Q1FY24, as illustrated by Apr’23 PLFs. We have maintained a tight-supply outlook on Indian aviation within domestic segment in near to medium term driven by (1) replacement cycle by big players like IndiGo and Tata group, (2) weaker balance sheet for smaller airlines post covid and (3) internationalisation of Indian airlines.
This results in a good yield outlook and in turn profitability. The spreads may further benefit from an increase in international mix apart from any movement in crude prices. Maintain BUY.
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
Rural Markets Will See Boost In Sales During Festive Season, Says M&M’s Veejay Nakra
Sep 02, 2024
Himachal Faces 41 Road Closures Due To Persistent Rainfall
Aug 26, 2024
Life Insurance Sector Q1 Results Review - Expect Strong Growth In H1; Margins Under Pressure: Nirmal Bang
Aug 23, 2024
GR Infra Q1 Review - Subdued Result Cushioned By Expectations Of Strong Order Inflow: ICICI Securities
Aug 08, 2024
POPULAR