Q1 preview: Street expects IndiGo to serve record profit, SpiceJet’s menu card to be low on flavour
Automobile

Q1 preview: Street expects IndiGo to serve record profit, SpiceJet’s menu card to be low on flavour

By Eduardo Saverin

An IndiGo Airline passenger aircraft prepares to take-off from the Anna International Airport, Chennai, on the occasion of the International Day of the Air Traffic Controller

Synopsis

IndiGo made the most of the busy summer season and capacity vacated by Go First. While the market leader’s numbers will be encouraging, SpiceJet’s results are expected to be lacklustre, and several factors are likely to decide the Indian aviation sector’s flight path going forward.

Four years ago, India’s biggest budget airline reported a record quarterly net profit of INR1,000 crore. Just a few months before IndiGo announced its FY19 June quarter results, the country’s oldest private airline, Jet Airways, had gone bankrupt. Ronojoy Dutta, who had taken over as IndiGo CEO in early 2019, tried to downplay the impact of Jet’s demise on the airline’s record quarterly profit. He argued that since Jet used to garner nearly 65%

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11 mins read, Last Updated:

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Eduardo Saverin