IndiGo and SpiceJet are all set to soar higher with June quarter results

InterGlobe Aviation Ltd shares went through turbulent times last week. InterGlobe runs the IndiGo, India’s largest airline. The stock declined as much as 13% on the BSE in the past three days after the dispute between the two founders escalated. However, for investors, come 19 July, IndiGo’s June quarter results announcement should bring cheer and perhaps soothe some anxiety, even if only temporarily.

Both IndiGo and its smaller competitor, SpiceJet Ltd are expected to have a good landing for the first quarter, as fares remained strong owing to capacity constraints in the industry. Jet Airways had shut operations in April. Plus, some capacity got sucked out of the system owing to the global ban on the Boeing 737 Max 8 aircrafts. As such, yields remain a key measure to watch out for both airlines when June quarter results are announced.