The stock ended 1.36 per cent lower at ₹4,430 as against a 23-points (0.03 per cent) 10100 gain in the benchmark BSE Sensex.
The selling also got exacerbated as the management commentary, post Q1FY25 results, highlighted that inflationary pressure could likely dent JulySeptember (Q2FY25) performance.
"While we are seeing solid demand in July, helping us keep the growth outlook guidance intact, expenses have been going up. Some of the states have increased value added tax (VAT) on aviation turbine fuel (ATF), while airport partners have jacked up airport charges due to inflationary cycle," the management highlighted in their post Q1FY25 earnings conference call.
This, analysts at Kotak Institutional Equities said, would limit the airline's ability to hike ticket prices much, thus, limiting its chances of expanding spread between cost and revenue in the near future.
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Diese Geschichte stammt aus der July 30, 2024-Ausgabe von Business Standard.
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