InterGlobe Aviation (INDIGO IN, INR 1,291, Hold) InterGlobe Aviation’s (IndiGo) Q1FY18 EBITDAR (up 28% YoY) surpassed estimates by 9% on: 1) 4% better-than-expected yields - yields improved 2% YoY to INR3.83/km after the 11% YoY dip in FY17; 2) Robust RPKM growth (25% YoY) surpassed capacity addition (ASKM growth of 19%), driving 470bps YoY improvement in PLFs (at 88%); 3) Despite the sharp 16%...