Airline stocks in focus as Govt increases domestic flight capacity; IndiGo gains 1.5%

The MoCA has increased the passenger capacity from July 5 which will be applicable up to July 31 or until further orders, whichever is earlier.

Jul 06, 2021 01:07 IST India Infoline News Service

Shares of Airline companies gained in today’s trade after the MoCA increased the capacity of domestic flights to 65% from 50%. 

The MoCA has increased the passenger capacity from July 5 which will be applicable up to July 31 or until further orders, whichever is earlier.

“This order shall take effect from the date of issue of this order and shall be applicable up to 31.07.2021 or until further orders, whichever is earlier,” the ministry added yesterday.

Domestic aviation operations continue with all Covid-19 Protocols in place and the number of domestic passengers increases as flying emerges as a preferred, safe & time-saving mode of transport.

On December 3 last year, the civil aviation ministry has allowed the airlines to increase their flights capacity from 70% to 80% of the pre-covid levels.

Meanwhile, shares of IndiGo and SpiceJet rose over 1% each on the BSE in the afternoon session.

SpiceJet Ltd is currently trading at Rs80 up by Rs0.9 or 1.14% from its previous closing of Rs79.10 on the BSE.

Interglobe Aviation Ltd is currently trading at Rs1,782.15 up by Rs25.25 or 1.44% from its previous closing of Rs1,756.90 on the BSE.

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