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Foreign brokerage Credit Suisse maintains 'Outperform' rating on the stock on hopes that the airline would turn profitable by FY22.
"With the prevailing uncertainty due to pandemic, we are not in a position to provide capacity growth guidance," the airline stand in a statement.
Rise in fuel costs due to depreciation of rupee during the quarter, slight decline in passenger load factor, but marginal expansion in fleet capacity are some other factors that could affect earnings