Ltd-run IndiGo, SpiceJet Ltd and Jet Airways Ltd are expected to announce their quarterly numbers over the next one month. Aviation consulting firm CAPA estimates IndiGo to post a profit of Rs650-700 crore, Spicejet to post Rs175-225 crore and Jet to post Rs 200-250 crore. SBICAP Securities Ltd, in its 11 July report, also estimated IndiGo to post a profit of Rs785.1 crore. ICICI Securities Ltd, in its 12 July report, said the first quarter is expected to be a strong quarter for Indian airlines. Sequentially, jet fuel prices were down by 5%, the rupee was stronger by 4% and Q1 is a seasonally strong quarter.

Source: Mint July 26, 2017 05:03 UTC