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    INDIGO   INE646L01027

INTERGLOBE AVIATION LIMITED

(INDIGO)
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InterGlobe Aviation : Indian airlines fly high as August passenger traffic surges

09/17/2021 | 04:24am EDT
FILE PHOTO: An IndiGo Airlines Airbus A320 aircraft takes off in Colomiers near Toulouse, France

BENGALURU (Reuters) - Shares of Indian airlines InterGlobe Aviation and SpiceJet surged on Friday after regulatory data showed that passenger growth jumped 136.6% last month as the government started to ease COVID-related travel restrictions.

India had halted air travel in March 2020 as the country went into a lockdown to curb the spread of the coronavirus. Domestic flights resumed in May 2020, but air travel ever since has had some limitations as the pandemic progressed.

Domestic airlines carried 6.7 million passengers in August, compared with 2.8 million passengers in the year-ago period, the Directorate General of Civil Aviation said https://www.dgca.gov.in/digigov-portal/?page=jsp/dgca/InventoryList/dataReports/aviationDataStatistics/airTransport/domestic/airTraffic/Aug2021.pdf&mainnull on Thursday.

InterGlobe Aviation, which runs India's largest airline IndiGo, extended gains to a fourth session and scaled a record high of 2,168.80 rupees on Friday, while shares of SpiceJet rose up to 7.9% to 81.95 rupees, their highest level in two months.

Passenger load factor, a measure of how much of an airline's passenger carrying capacity has been used, jumped 11.8% for IndiGo and 6.7% for SpiceJet in August from prior month.

IndiGo Chief Executive Officer Ronojoy Dutta said in July that he expects capacity to return to pre-pandemic levels by the end of the year, but warned that a third wave of infections could swiftly disrupt things again.

SpiceJet stock was down 20% for the year, as of last close, while shares of InterGlobe have climbed roughly 15% over the same period.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Sherry Jacob-Phillips)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
INTERGLOBE AVIATION LIMITED 1.26% 2021.2 Delayed Quote.15.83%
SPICEJET LIMITED 0.00% 72.55 End-of-day quote.-23.59%
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Analyst Recommendations on INTERGLOBE AVIATION LIMITED
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Financials
Sales 2022 230 B 3 072 M 3 072 M
Net income 2022 -61 136 M -816 M -816 M
Net Debt 2022 272 B 3 635 M 3 635 M
P/E ratio 2022 -12,6x
Yield 2022 -
Capitalization 778 B 10 385 M 10 396 M
EV / Sales 2022 4,57x
EV / Sales 2023 2,61x
Nbr of Employees 23 204
Free-Float 21,4%
Chart INTERGLOBE AVIATION LIMITED
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InterGlobe Aviation Limited Technical Analysis Chart | INDIGO | INE646L01027 | MarketScreener
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 23
Last Close Price 2 021,20 INR
Average target price 1 914,96 INR
Spread / Average Target -5,26%
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Managers and Directors
Rono Joy Dutta Chief Executive Officer & Executive Director
Wolfgang Prock Schauer President & Chief Operating Officer
Jiten Chopra Chief Financial Officer
Meleveetil Damodaran Chairman
Sanjay Gupta Secretary & Chief Compliance Officer
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