India covid-19 Government India

Will Indigo’s reign over the Indian skies expand post COVID-19?

Reading now: 158
www.livemint.com

Investors are evidently less worried about future prospects of InterGlobe Aviation Ltd, as compared to, say, those of SpiceJet Ltd.

In the past five weeks, the latter’s shares have fallen nearly 60%, while those of InterGlobe have fallen 33%. InterGlobe runs IndiGo, which is India’s largest airline with a 48% market share for domestic air travel. “IndiGo is in the best shape with cash availability of 6-7 months whereas other airlines can survive for 1-2 months only," says Varun Ginodia, an analyst at Ambit Capital Pvt.

Ltd. Analysts at Kotak Institutional Equities echo the view: “Indigo’s sufficient cash buffer ( ₹9400 crore as of December 2019) should be enough to weather this storm, though other airlines will need external support in the

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Southern Ontario highway partially closed due to convoy demonstrations: police - globalnews.ca - Usa - Canada - city Detroit - county Windsor
globalnews.ca
61%
647
Southern Ontario highway partially closed due to convoy demonstrations: police
convoy demonstrations against COVID-19 measures.Police said the westbound lanes of the highway at Nauvoo Road have been shut down due to “high traffic volumes” from “freedom convoy” demonstrators.Drivers in the area are being asked to follow emergency detour route signage. Windsor-Detroit Ambassador Bridge access resumes after trucker protest blocked traffic “The OPP respects the right of everyone to freedom of expression and peaceful assembly,” police said.“The OPP asks everyone to be patient and respectful of each other despite potential inconvenience.”The closure is approximately 45 km away from the Blue Water Bridge crossing between Canada and the United States in Sarnia, Ont.It’s not clear if that’s where convoy demonstrators are intending to go.Part of Highway 402 was blocked on Sunday as well due to convoy demonstrations. Police have redirected commercial traffic to the Bluewater Bridge in Sarnia, Ont., and urged motorists to avoid the area around the Ambassador Bridge in Windsor, Ont.There, a protest against COVID-19 measures is blocking Canada-bound vehicles from crossing the Ambassador Bridge between Windsor, Ont., and Detroit for a third day.More to come.— With files from The Canadian Press#LambtonOPP have implemented a closure of westbound Highway 402 at Nauvoo Road to ensure public safety.
DMCA