Moneycontrol PRO
UPCOMING EVENT:Watch leaders discuss the biggest issue of our times at the Sustainability 100+ Summit. Register now!

Aviation stocks in focus as govt allows domestic carriers to operate at 85% capacity

The aviation ministry has also revised the timeline for fare bands on airline ticket prices, with the bands to now be rolled over in 15 days instead of 30 days at present.

September 20, 2021 / 09:27 AM IST
Representative Image

Representative Image

Aviation stocks are in focus on September 20 after the government allowed domestic carriers to operate flights at 85 percent of pre-Covid levels.

The Ministry of Civil Aviation in a circular issued on September 18 said that the domestic carriers can now operate flights at 85 percent of pre-Covid levels, up from 72.5 percent at present.

The flight capacity, which was curtailed following the onset of the coronavirus pandemic, was increased to 80 percent in December last year. However, it was reduced again, and brought down to 50 percent on June 1, due to the second wave of COVID-19.

Catch all the market action on our live blog

On July 5, the capacity was increased to 65 percent and was further raised to 72.5 percent on August 12. The fresh circular marks the third consecutive upward revision.

Close

The government has been reviewing the cap on domestic flight operations after taking the demand into consideration.

The aviation ministry has also revised the timeline for fare bands on airline ticket prices, with the bands to now be rolled over in 15 days instead of 30 days at present.

At 09:20 hrs, SpiceJet was quoting at Rs 80.35, up Rs 1.80, or 2.29 percent and Jet Airways was quoting at Rs 106.45, up Rs 5.05, or 4.98 percent, while Interglobe Aviation was quoting at Rs 2,185.10, down Rs 12.30, or 0.56 percent on the BSE.
Moneycontrol News
first published: Sep 20, 2021 09:27 am

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark