Here's why analysts choose IndiGo over SpiceJet for the long haul

Despite the Covid-19 pandemic, analysts say the Indian aviation sector holds promise from a long-term perspective and that the macro-economic factors remain conducive

India’s largest airline by market share IndiGo – owned by InterGlobe Aviation – has approved to raise Rs 4,000 crore to tide over the liquidity crisis resurrected by Covid-19 pandemic. In contrast, its competitor SpiceJet has been shown a red flag by its auditor, doubting the airline’s continuity as ‘going concern’.

This poles-apart situation of the two airlines, which collectively controlled 69.4 per cent of the aviation market as of June 30, 2020, according to data provided by Directorate General of Civil Aviation (DGCA), has put brakes on the growth story for the sector which was once seen as the