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Airline sector is a tough bet

While falling crude oil prices is a positive, there are other sectors which might do better

Devangshu Datta

One easy way to understand the impact of crude oil prices is to look at airlines companies. In the period October-December 2018, the Indian crude basket averaged out at US $67.75/ barrel while it was at $59.89/ barrel in October-December 2017.    InterGlobe Aviation, the company that runs India’s most profitable and largest airline, IndiGo, reported net profits of Rs 191 crore in October-December 2018 versus net of Rs 762 crore (this was Rs 1,071 crore before exceptional items) in October-December 2017. This was despite logging 28 per cent increase in revenues in Q3, ...