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Pain in aviation pack likely to continue; IndiGo remains top analysts' pick

On Wednesday, InterGlobe Aviation, which runs India's largest budget airline IndiGo, reported its first-ever quarterly loss of Rs 6.52 billion since its listing in November 2015.

IndiGo
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Swati Verma New Delhi
Aviation companies have been under pressure in calendar year 2018 with all the three listed companies - Jet Airways, SpiceJet and InterGlobe Aviation slipping 74 per cent, 52 per cent and 32 per cent, respectively on a year-to-date (YTD) basis. In comparison, the S&P BSE Sensex has lost nearly 1 per cent during the window.

The sharp fall in aviation stocks fall comes on the back of higher fuel costs (ATF) led by a rise in crude prices globally, weak rupee and intensifying competition that forced the players to slash prices to maintain occupancy levels.

On Wednesday, InterGlobe Aviation, which

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