Aviation Sector Q3 Earnings Preview: Steady Flight To Recovery, Says Prabhudas Lilladher

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Prabhudas Lilladher Report

In Q3, scale-up of operations continued to gather momentum with the aviation industry reaching approximately 67%-70% of pre-Covid-19 capacity in December benefiting from -

1. rising consumer confidence and 2. easing lockdown restrictions.

In December, average daily departures increased 57% over September.

Benefitting from pricing discipline during festive season and charter flights, yields are likely to remain strong (up 4%/ 8% for Interglobe Aviation Ltd./ Spicejet Ltd.).

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