Image: Narendra Bisht Business travel has structurally changed: IndiGo CEO United Airlines, Air Canada, US Airways, and Air Sahara were Ronojoy Duttaâs stamping grounds, before IndiGo. Since then, it hasnât been clear blue skies for the man. He now sees tailwinds emerging.
Jan 20, 2021
United Airlines, Air Canada, US Airways, and Air Sahara were Ronojoy Duttaâs stamping grounds, before taking over as chief executive officer of InterGlobe Aviation, which owns IndiGo, in January 2019. Since then, it hasnât been clear blue skies for the 68-year-old: the airlineâs promoters fought and Covid-19 stalled air travel. But Dutta now sees tailwinds emerging. Edited excerpts.
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Sequentially, however, the figure has increased by 15.31% from 63.54 lakh in November 2020.
InterGlobe Aviation (IndiGo) carried 39.52 lakh passengers in December 2020, which is higher by 15.45% as compared to 34.23 lakh passenger in November 2020, but lower by 36.15% compared to 61.88 lakh passenger in December 2019.
The number of passengers carried by SpiceJet in December 2020 stood at 9.52 lakh, up by 13.33% from 8.40 lakh in November 2020. It is declined by 55.60% from 21.44 lakh passenger in December 2019.
Passenger load factor (PLF) was recorded at 60%-78% during December. While this was an improvement from 58% -77% in November, it was significantly lower than 80%-92% seen in December last year. PLF is used to gauge the capacity utilisation of transport services, including air transport.
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Mitessh Thakkar of mitesshthakkar.com recommends buying Bank of Baroda with a stop loss of Rs 67.5, target at Rs 78 and Indian Oil Corporation with a stop loss of Rs 96, target at Rs 103.