Domestic load factor at 87.2%; IndiGo’s domestic ASK/RPK share highest
* Domestic air passengers in India grew ~20% YoY (adj.) in Feb-17 (v/s +25.3% in Jan-17; +23.1% in 3QFY17). However, we believe this strong growth would be at the cost of yields, as seen in headline fares.
*While Feb-17 ASK growth stood at 17.8% YoY (adj.) (v/s +21.1