HSBC Maintains Buy Rating on InterGlobe Aviation, Cuts Target Price to Rs 5,210
HSBC has maintained its Buy rating on InterGlobe Aviation while cutting the target price from Rs 5,860 to Rs 5,210. The revision reflects concerns over higher oil prices, INR depreciation, flight cancellations, and limited fuel surcharge offset capabilities. Despite potential summer capacity cuts, the brokerage expects underlying fares to remain firm, supporting the continued Buy recommendation.
IOC Clarifies ATF Price Increase at 8.5%, Corrects Earlier 115% Notification
Indian Oil Corporation has corrected its earlier notification regarding Aviation Turbine Fuel pricing, confirming an 8.5% increase instead of the previously stated 115%. This clarification provides significant relief to domestic airlines including IndiGo, as the actual increase is substantially more manageable for operational costs and fare planning.
27Mar 26
Parliamentary Audit Reveals Half of Commercial Aircraft Report Technical Faults, IndiGo Records Highest Cases
A parliamentary audit has revealed that half of all commercial aircraft have reported technical faults, with IndiGo recording the highest number of cases among carriers. The findings have prompted calls for comprehensive aviation sector reforms and enhanced safety measures to address widespread technical issues affecting commercial aviation operations.
Goldman Sachs Maintains Buy Rating on IndiGo, Cuts Target Price to Rs 5200
Goldman Sachs has maintained its Buy rating on IndiGo while reducing the target price from Rs 6000 to Rs 5200. The revision reflects near-term pressures from higher fuel costs, supply constraints, and weak Middle East traffic leading to estimate cuts. However, the brokerage remains positive on the long-term outlook, citing IndiGo's strong cost control, robust balance sheet, and the ongoing consolidation theme in the aviation sector as key supporting factors.