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Bloomberg Quint

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Image Credit: Bloomberg Quint

Jefferies Maintains 'Buy' On Indigo Amid Network Expansion, Product Diversification And More

  • Jefferies maintains a 'buy' rating for InterGlobe Aviation Ltd. amid international expansion, product diversification, and strategic partnerships.
  • Indigo targets a fleet size of more than 600 by financial year 2030 compared to the current 400.
  • The airline plans to launch medium and long-haul routes across Europe and enter the North American market to support international expansion.
  • Indigo aims to attract corporate and affluent travelers by adding premium 'stretch' seats on select international routes.
  • Management expects transient geopolitical impacts on growth, with strong performance in April, impact in May due to tensions, and recovery in June.
  • Indigo has excelled in reducing carbon emissions per available seat kilometer compared to peers, aligning with ESG commitments.

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