Domestic airlines to increase capacity up to 75% soon; Indigo surges 3%

More than 1.2 crore domestic passengers have flown since 25th May 2020.

Oct 09, 2020 01:10 IST India Infoline News Service

Hardeep Singh Puri, Civil Aviation Minister has hinted towards increasing domestic airlines capacity by further 10% with the festive season nearing. Puri has also highlighted about airlines performance while speaking on a conference on October 08, 2020.

At around 1.54 PM, Interglobe Aviation (Indigo) was trading at Rs1367.05 per piece up 2.78% on Sensex. The stock has touched the day's high of Rs1393.30 per piece.

Meantime, SpiceJet stock was performing flat at Rs50.10 per piece compared to the previous closing.

A Hindustan Times report stated that domestic airlines will soon be allowed to increase their capacity to 75%. At present, they are operating at 65% capacity, after domestic flights resumed operations on May 25 — following a gap of two months of lockdown. “There is no deadline. But this can happen soon as the domestic numbers are going up. Before this, I said that the pre-COVID domestic number will be achieved between Diwali and New Year. Now I am confident that by the first quarter next year, we will be able to surpass the pre-COVID number,” the civil aviation minister said.

Puri in a statement released by PIB said, that the government has formalized air bubble arrangements with 16 countries like USA, Canada, France, Germany, UK, Maldives, UAE, Qatar, Afghanistan, Bahrain, Japan, Nigeria, Kenya, Iraq, Bhutan and Oman.

Puri added that the Centre is in discussion with Italy, Bangladesh, Kazakhstan, Ukraine and others for similar arrangements.

Puri further said that domestic operations were started in a calibrated manner with 33% capacity of the approved summer schedule w.e.f. 25th May 2020, enhanced to 45% from 26th June and 60% from 2nd Sep 2020. More than 1.2 crore domestic passengers have flown since 25th May 2020. 1,56,565 passengers travelled on 1525 flights today.

Related Story