IndiGo stock may reach for the skies soon if fuel prices cool off: Analysts

InterGlobe Aviation Q1: A strong revival in air passenger traffic going ahead, coupled with better cost management, and network (route) expansion may support IndiGo's profitability in the medium term

A predicted strong revival in air passenger traffic, better cost management, route expansion, and fuel price cooling off may support InterGlobe Aviation's profitability in the medium to long term, analysts said.

They believe the company, which operates IndiGo airline, may potentially see a turnaround in fiscal year 2022-23 (FY23) if it continues to see better yield management, steady air fares, and maintains market leadership.

"We believe that the improving affordability, and pent-up demand of the last two years would emerge as a strong travel demand for next one year, and we expect a spike in air travel in the second