Indian airlines have experienced a rapid growth in stock prices following the lifting of the government’s restrictions on passenger capacity.

Airlines stocks jump as India removes COVID-19 restrictions | @a2zblog.in
Indigo airlines

IndiGo’s parent company InterGlobe Aviation saw stocks rise by more than 4.8%, while SpiceJet’s stocks increased by 5.9%, Reuters reports.

India placed heavy restrictions on airline operations following a two months suspension in early 2020.

• Only partial resumption of flights was permitted, with airlines operating at no more than 50% of their capacity.

Airline stocks jump as India removes COVID-19 restrictions | @a2zblog.in

• While restrictions were eased incrementally, conditions remained strict.

• As a result, the largest Indian carriers, including both IndiGo and Vistara, suffered heavy losses, and the country’s aviation market was slow to recover.

• The latest change to restrictions coincides with India’s holiday season.

Airline stocks jump as India removes COVID-19 restrictions | @a2zblog.in

On October 12, 2021, India’s Ministry of Civil Aviation announced that, from October 18, 100% seat capacity will be permitted as the number of COVID-19 infections decreases and the vaccination program moves forward.

Information source Aerotime Hub.

Read more : Japanese F-2 fighter jet loses 90 kg canopy in mid flight, No injuries reported.

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