Aviation Q2FY18: Expect A Smooth Landing

Aviation Q2FY18

The September quarter is typically a lean one for the Indian aviation sector. However, this time around, the financial performance of airlines is expected to get some support from better fares and a strong rupee. What’s more, there has been some relief on the fuel cost front.

Average aviation turbine fuel (ATF) prices in Delhi published by Indian Oil Corp. Ltd show a 2% year-on-year (y-o-y) increase in the September quarter, which is manageable. Prices have declined 5%,compared with the June quarter.

According to Santosh Hiredesai, an analyst at SBICAP Securities Ltd, capacity addition slowed down for some of the large firms, which should have helped sustain some pricing power already seen during the June quarter. Read More…

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