Aviation
Aviation
SECTOR | 11 Jun 2023
buy
by ICICI Securities Limited
ICICI Securities Limited
Outlook for airlines, especially IndiGo, remains strong as evident from several data points including: 1) healthy average daily domestic traffic at 427k levels in Q1FY24 with increasing PLFs; 2) gradual decline in top-10 airports’ share in overall traffic indicating increasing air travel penetration in India.
 
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