The stock of the country's largest airline, InterGlobe Aviation (IndiGo), has risen 7 per cent over the last couple of trading sessions on expectations that strong passenger volumes, improving yields, and no restrictions on sale of stake by promoters would boost prospects and investor sentiment.
Analysts at Credit Suisse, who have an "outperform” rating on IndiGo, believe that the company could turn profitable in the December quarter on the back of strong yields and traffic improvement with load factors for the sector at near pre-Covid levels.
This story is from the December 09, 2021 edition of Business Standard.
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This story is from the December 09, 2021 edition of Business Standard.
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