InterGlobe Aviation, which operates IndiGo, India’s largest domestic airline, is set to report its second successive profitable quarter during the period ended January-March 2023.
This comes amid higher traffic, strong load and better yield compared to the same period last year.
However, SpiceJet may slip into losses during the same quarter. This assessment of the aviation sector was made by brokerages in their fourth quarter results preview. Domestic traffic during January-March is estimated to have grown 5-6 per cent, sequentially, and by over 50 per cent on a year-on-year (YoY) basis.
