Shares of InterGlobe Aviation (IndiGo) were flat in early trade on Tuesday, edging up 0.02% to Rs 5,795.50, as investors weighed two key overhangs — slower-than-guided air-traffic growth in Q3 and the potential for another promoter stake sale.
Air-traffic growth trailing IndiGo’s own guidance
IndiGo had guided for high-teens capacity growth (17–19%) for the December quarter (Q3 FY26).
However, data so far in Q3 shows a noticeable gap:**
- Domestic air-traffic growth: 5%
- International air-traffic growth: 9%
This is significantly below the airline’s internal expectations and is contributing to near-term caution around passenger-load factors, yields and revenue per available seat kilometre (RASK).
Promoter stake-sale concerns resurface
Another factor weighing on sentiment is the ongoing overhang of a potential promoter stake sale.**
- The last major block transaction took place on August 26.
- Investors remain watchful of further stake trimming, which could dampen stock momentum in the short term.
Stock view
With a combination of traffic softness versus guidance and uncertainty around promoter activity, IndiGo continues to remain in focus as the airline moves deeper into the crucial festive-to-holiday travel cycle.
