InterGlobe Aviation, which operates IndiGo, India’s largest domestic airline, will report its second successive profitable quarter, while SpiceJet will slip into a loss in the fourth quarter FY23 amid higher traffic, strong loads and better yield than the same period last year, brokerages said in their Q4 results preview.
Domestic traffic in January-March is estimated to have grown 5-6 per cent sequentially and by over 50 per cent on a year-on-year basis. Traffic has crossed pre-Covid level and has sustained in the fourth quarter, which is traditionally a weak season for travel.
