IndiGo Q2 preview: Loss to widen YoY on high crude oil prices, say analysts
IndiGo Q2 preview: Revival in air traffic ahead of festive season and easing of Covid-related restrictions are expected to help InterGlobe Aviation, the parent company of low cost airline IndiGo, to narrow net loss sequentially for the September quarter of the current fiscal year (Q2FY22). However, nearly 60 per cent hike in crude oil prices during the quarter may lead to widening of loss on a yearly basis, said analysts.
The budget carrier is set to report its Q2FY22 results on Thursday, October 28.
“In Q2, India’s domestic market continued to make a swift recovery from the aftermath of the second Covid wave, where May ’21 operations had crashed to 30 per cent of pre-Covid levels.
