IndiGo

Accordingly, InterGlobe Aviation, which runs the airline, reported a quarterly net loss of Rs 620.1 crore from a net loss of Rs 1,194.8 crore posted during the second quarter of 2020-21. The airline had reported a net profit of Rs 496 crore during the Q3FY20. Besides, the company said the capacity for the quarter was down by 40.8 per cent compared to the same period last year.

Accordingly, it pointed out that on a YoY basis, IndiGo is up by 29 per cent (outperforming Nifty by 16 per cent), while SpiceJet is up mere by 2 per cent YoY. According to the report, optimism over the vaccine could certainly result in increased flying confidence, leading to the quicker normalisation of operations versus earlier estimates.