MUMBAI: The aviation industry is one of the worst-affected sectors globally owing to the covid-19 crisis. In India, domestic travel restrictions have been eased in a phased manner recently. Indeed, how demand pans out in the coming days would be a key factor in determining the fortunes of the sector.
In that backdrop, commentary from the InterGlobe Aviation Ltd’s management during its March quarter earnings call, scheduled on Tuesday evening, would be crucial. InterGlobe runs the IndiGo airline, India’s largest by market share. Investors will watch what IndiGo’s management says about the demand outlook. Further, any indications on fare movement would be keenly followed. Management commentary on costs such as aircraft lease rentals and employee costs would be eyed as well.
As far as the March quarter results are concerned, expectations are not high to begin with. The nationwide lockdown began on 25 March and IndiGo’s results would reflect that hit on the profits.
