Three reasons why IndiGo rallied despite disappointing June quarter performance
The airline has guided that it plans to increase its capacity to 60-70% by the third quarter of the present fiscal.
Synopsis
In its post earnings conference call, the airline’s management said that it will raise additional liquidity of Rs 2,000 crore through sale and leaseback of aircraft.
ET Intelligence Group: The stock of India’s largest airline by market share (52.5%) InterGlobe Aviation was up 3.2% at Thursday’s closing despite the fact that the airline’s financial performance in the June 2020 quarter was much below the street’s estimates. Against the Bloomberg’s revenue estimate of Rs 1,832 crore, the airline recorded Rs766 crore revenues in the quarter. Also with regard to its earnings, the airline reported net loss of Rs
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