IndiGo - Internationalisation, Capacity Building Initiatives Are Strong Business Moats: ICICI Securities

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.We attended InterGlobe Aviation Ltd.’s analyst meet held at its iFly Training Centre (Gurugram) on March 23, 2023. The airline remains focused on growth (more than 15% available seat per kilometre growth in FY24, doubling the fleet by 2030) and internationalisation (increase ASK mix to 30% over next two years from 23% in nine months-FY23). These goals are intended to be achieved within the already existing business framework (low cost, hassle-free service, on-time operations with uniform fleet). Q3 FY23 was an inflection point as per the management considering that it proved IndiGo’s ability to successfully operate at a larger scale than it did pre-Covid. We remain impressed with the capacity building efforts in all aspects which includes involving people, processes and technology – which are long-term business moats. Key takeaways of the meet include: fleet guidance of 350 aircraft in FY24, which is a positive surprise;30% international ASK mix in two years, which should keep the domestic supply scenario balanced; expectation of strong yields in Q4 FY23 adjusted for seasonality; andrecognition of the importance of cross-sell / upsell initiatives..Click on the attachment to read the full report:.Hitachi Energy - Building On Electrification: HDFC Securities Initiates Coverage.DISCLAIMERThis 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.

IndiGo - Internationalisation, Capacity Building Initiatives Are Strong Business Moats: ICICI Securities

Strategic focus remains on internationalisation.

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IndiGo - Internationalisation, Capacity Building Initiatives Are Strong Business Moats: ICICI Securities

Strategic focus remains on internationalisation.

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