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    A
    Aviation
    SECTOR | 23 Nov 2022

    Higher PLFs could set up a strong Q3

    buy
    Aviation
    by ICICI Securities Limited
    ICICI Securities Limited
    The average number of domestic daily fliers in Nov’22-TD increased to ~386k vs 368k
    during Oct’22. Domestic PLFs have also improved from 78% in Aug’22 to 79% in Sep’22 to more than 82% in Oct’22 in line with seasonally strong demand in Q3.
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