NEW DELHI, Feb. 19 -- The skies remain cloudy for airlines with travel demand yet to revive adequately after the pandemic. Low-fare airline SpiceJet Ltd is a victim of these circumstances. In the seasonally stronger December quarter, losses reduced sequentially, although relatively higher crude oil prices are a threat to profitability, going ahead. Plus, how demand pans out remains to be seen.
"Easing of lockdowns and expected reinstatement of Boeing 737s into the fleet will remain near-term growth catalysts. However, the sudden drop in yields and rising crude prices would hurt profitability," analysts from BOB Capital Markets Ltd said in a report on 10 February.
Paarth Gala, an analyst at Prabhudas Lilladher Pvt. Ltd, wrote in a report o...