IndiGo climbs 9% in 3 days as Elara Capital upgrades to 'Buy', lifts target

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IndiGo climbs 9% in 3 days as Elara Capital upgrades to 'Buy', lifts target - Business Standard

Quick Summary:

Indian carriers are likely to post a higher CAGR of 14 per cent, driven by underutilised international slots (25 per cent) and increasing short/mid-haul flights.

International traffic, which accounted for 20 per cent of CY24 traffic, is expected to grow at a 12 per cent compound annual growth rate (CAGR) in FY25E-28E.

According to Elara Capital, since FY21, large carriers have demonstrated their ability to manage fleet retirements to balance supply while leveraging robust +1,600 orders to meet strong demand growth.