IndiGo Q3 preview: PBT may rise 48% YoY, commentary on A320neo engines eyed
Lower net fleet additions, higher fuel costs, and persisting issues with A320 neo engines could mar InterGlobe Aviation’s – parent company of budget carrier IndiGo – December quarter results for the financial year 2019-20 (Q3FY20).
The budget carrier, which is slated to report its Q3FY20 earnings later today, is also scheduled to hold an extraordinary general meeting (EGM) on January 29, likely on exit norms proposed by co-promoter Rakesh Gangwal.
As per a Business Standard report, the resolutions seek to “relax rules on the sale and purchase of shares by its main shareholders, making it easier for the promoters to raise or cut stake in the company”.
