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INDIGO — Interglobe Aviation News Story

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Street View: Fuel costs overshadow IndiGo airline's stronger pricing

BUZZ-Street View: Fuel costs overshadow IndiGo airline's stronger pricing

- ** 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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