Air Transport Service
Air Transport Service
from 5,166 today
InterGlobe Aviation is evolving from a domestic airline into an integrated global aviation platform, driven by international expansion, CFM partnership de-risking fleet induction, improving ownership and MRO economics, and strong free cash flow generation. We reiterate Buy with a target price of INR6,580.
We downgrade our earnings estimates for FY27 due to higher-for-longer crude prices, but we maintain our BUY rating with an unchanged target price of INR 6,020 as industry consolidation, high travel demand, and IndiGo's strong 2030 outlook support medium-term earnings visibility.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
