Aviation: Yields are intact in a seasonally weak quarter
` Yields have been maintained in a seasonally weak 2Q; PLF has taken a
knock
` PLF to improve as domestic capacity is rationalized further
` Yields have been pushed to the limit; costs need to go down for next leg of
growth
` Jet has not been able to gain out of Kingfisher's capacity cuts
` Maintain BUY on SpiceJet and SELL on Jet Airways
PDF link
http://www.kotaksecurities.com/pdf/indiadaily/indiadaily23082012pp.pdf
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