How do you see airline results of Interglobe and Spice Jet in Jun-21 quarter?
Answer
Answer
You can expect a double whammy for airline companies in Q1 with a hit on business volumes and also profits due to fuel costs. Losses will widen sequentially with Interglobe losses more than doubling. SpiceJet losses will also widen but could be redeemed by Boeing compensation. ATF costs are up 11% sequentially.