IndiGo Q3 preview: Healthy air traffic, aided by international travel, corporate demand revival, and festive season, along with correction in oil prices, and price hikes may have propelled domestic airlines -- IndiGo and SpiceJet -- into profit zone in the December quarter of FY23 (Q3FY23), according to analysts' estimates, who believe that the domestic air traffic capacity reached close to full capacity in Q3, while a pick up in international commercial flights provided the much needed relief to the industry.
"Players hiked ticket fare gradually across segments to mitigate the higher fuel prices, therefore building in expectations of quarter-on-quarter (QoQ) increase