Broker research reports for stocks which have been upgraded by brokers. Both recommendation upgrades,
as well as share price target upgrades are available for companies in Industry - Airlines.
Broker Research reports: latest Upgrades
for Industry - Airlines
We maintain our positive stance on InterGlobe Aviation (IndiGo) on the basis of a conducive supply-demand balance in India’s domestic aviation. The strategy to increase the international mix is gaining traction, which should further aid profitability.
InterGlobe Aviation (IndiGo) is benefitting from strong traffic, cost leadership in the industry and relatively benign competition. Its structural cost advantage is best defined through its fleet size of 302 aircraft with 238neos (fuel efficient) and an average age of only 3.5 years.
Improved vaccination drive and decline in infections led to higher passenger load factor. Replacement of old aircraft with fuel efficient fleet is at an accelerated pace, which is expected to be completed by FY24, will bring down operating cost. Passenger traffic growth to pick-up at higher pace starting from FY23...