{"id":415854,"date":"2021-05-19T11:59:18","date_gmt":"2021-05-19T06:29:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=415854"},"modified":"2021-05-19T11:59:18","modified_gmt":"2021-05-19T06:29:18","slug":"analyst-corner-retain-reduce-interglobe-aviation-with-rs-1200-tp","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/analyst-corner-retain-reduce-interglobe-aviation-with-rs-1200-tp\/","title":{"rendered":"Analyst Corner: Retain \u2018Reduce\u2019 InterGlobe Aviation with Rs 1,200 TP"},"content":{"rendered":"<p>Dense clouds in the sky: The Indian aviation industry is facing its most challenging period \u2014 demand has disappeared, recovery remains highly uncertain and macro factors continue to be unfavourable. Current traffic is down almost 83% from the recent peak in February 2021 and is at about 13% of pre-pandemic levels in 2019. April-June is usually the busiest quarter when the industry earns 45-50% of full-year profit, which will be wiped out this year.<\/p>\n<p>The July-September quarter tends to be the weakest, which means we are not likely to see recovery until the October-December quarter at the earliest. Indigo said it is now exploring options to raise Rs 30bn. Indigo reported a cash burn rate of Rs 150m per day in the quarter to December, and we estimate its cash burn at Rs 70-75bn in FY21e.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dense clouds in the sky: The Indian aviation industry is facing its most challenging period \u2014 demand has disappeared, recovery remains highly uncertain and macro factors continue to be unfavourable. Current traffic is down almost 83% from the recent peak in February 2021 and is at about 13% of pre-pandemic levels in 2019. April-June is usually the busiest quarter when the industry earns 45-50% of full-year profit, which will be wiped out this year. The July-September quarter tends to be the weakest, which means we are not likely to see recovery until the October-December quarter at the earliest. Indigo said [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-415854","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=415854"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415854\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=415854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=415854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=415854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}