# UBS has also moderated its demand assumptions slightly, considering the sustained weakness.

*business · news · 2026-04-27 · CNBC TV18*

## Key points

- UBS downgraded IndiGo to 'neutral' from 'buy' and cut its price target to ₹4,940.
- UBS increased IndiGo's FY27 and FY28 fuel cost assumptions by 28% and 30%, respectively.
- Indian government capped ATF price increases at 9% for April 2026 despite global price spikes.
- UBS cut IndiGo's FY27 and FY28 EPS estimates by 9% and 38% due to cost pressures.
- Preliminary April data shows sequential and annual declines in IndiGo's domestic passenger traffic, signaling demand fatigue.

**Companies:** UBS, InterGlobe Aviation Ltd.
**Countries:** India, United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/interglobe-aviation-indigo-share-price-ubs-downgrades-cuts-target-fuel-costs-pressure-key-risks-returns-buy-sell-ws-l-19893760.htm)

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