The Times of India News

IndiGo fiasco: HSBC maintains 'buy' rating for InterGlobe Aviation; cites 'no structural damage' despite recent crisis

Despite recent operational disruptions and flight cancellations, HSBC maintains a 'Buy' rating on InterGlobe Aviation, citing the airline's strong fundamentals and cost advantage over rivals. While acknowledging increased expenses and temporary reputational damage, the brokerage believes the airline's long-term prospects remain intact, with no structural damage to its competitive position.