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Aviation

This airline stock can zoom 59 percent, says ICICI Securities

Updated : February 20, 2020 03:10 PM IST

ICICI Securities believes most of the issues faced by SpiceJet are transient in nature and are likely to recover within the next six months.
Expect cost ex-fuel to decrease by 4 percent between FY19 and FY22 factoring the return of MAX sometime in FY21.
The impact of novel coronavirus is a near-term risk that can impact Q4FY20 earnings, the brokerage said.
This airline stock can zoom 59 percent, says ICICI Securities

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