Premiumisation & long haul two best bets for IndiGo: Jinesh Joshi

economictimes.indiatimes.com:

"Indigo's current international ASKM share is anywhere between 25% to 30% and with this new Airbus order, which they placed some time back, the plans are to kind of expand their wings internationally as well," says Jinesh Joshi, Prabhudas Lilladher.

I would not ask you which is your favourite airline. But I would definitely tell you that I was pretty intrigued to see the latest announcement from IndiGo saying that now they are working on kind of ensuring the wanderlust of citizens, especially the Gen Z is taken care of in the form of affordable long haul. They have already announced a kind of a business class as well. So, this is a transformation of the business model which is happening. I am not even going in the direction of big orders which they have placed. So, this transformation, as they move slightly higher, affordable long haul, longer routes overseas which was up till now completely captured by overseas airlines and even business class, will it improve their yields meaningfully in the years to come?
Definitely they are taking baby steps towards premiumisation.

So, for instance, the launch of business class service which they announced very recently, I think more details will emerge in the month of August, so that obviously is a step towards premiumisation and also the long haul bit which you just mentioned. So, their current international ASKM share is anywhere between 25% to 30% and with this new Airbus order, which they placed some time back, the plans are to kind of expand their wings internationally as well.