Street View: Fuel costs overshadow IndiGo airline's stronger pricing
BUZZ-Street View: Fuel costs overshadow IndiGo airline's stronger pricing July 24 (Reuters) - ** India's top airline IndiGo INGL.NS posted a Q1 loss and forecast flat capacity growth for Q2
** Shares down 2.5% at 4,900 rupees
FUEL PAIN OVERSHADOWS PRICING POWER
** JPMorgan ("Neutral", PT: 4,740 rupees) says Q1 missed expectations on Middle East war-linked rise in fuel and non-fuel costs; sees volatility persisting for the rest of FY27
** UBS ("Neutral", PT: 5,450 rupees) says revenue was broadly in line but EBITDA missed due to higher-than-anticipated fuel costs
** Kotak Institutional Equities ("Buy", FV: 5,900 rupees) says IndiGo successfully passed through a large portion of fuel cost inflation via a 21% rise in yields - the average fare paid by passengers
** Jefferies ("Buy", PT: 5,380 rupees) says results were soft due to higher-than-expected fuel costs despite stronger yields
(Reporting by Kashish Tandon in Bengaluru)
((kashish.tandon@thomsonreuters.com; 8800437922))
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