Goldman Sachs sees FY28 profit recovery for IndiGo despite fuel cost pressure

By Reuters News

** Goldman Sachs maintains "buy" on India's InterGlobe Aviation INGL.NS with PT of 5,900 rupees, implying about 21% upside from Monday's close

** Brokerage expects high fuel costs to weigh on near-term profitability, but sees significant improvement in FY28 as fuel prices ease and elevated flight ticket prices remain sticky

** Cuts FY27/FY28/FY29 EBITDA estimates by about 3%/0%/1%, respectively

** Brokerage says its fares tracker shows domestic fares up as much as ~29% Y/Y in Q2FY27 despite weak traffic; expects Q2 revenue to grow ~25%, mainly driven by higher fares

** Stock rated "buy" on avg by 24 analysts; median PT 5,800 rupees -- data compiled by LSEG
** Shares of INGL down 0.29% to 4,860 rupees on the day

** YTD stock down 3.92%

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