Thursday, March 12, 2020

In times of coronavirus pandemic, airlines stare at uncertainty this quarter

New Delhi: Skies are cloudy for carriers in the current quarter as they navigate the coronavirus outbreak but the next three months might turn out to be better, according to two airline industry executives.

Lower oil prices and possibility of a spurt in domestic passenger traffic due to international travel restrictions would benefit the domestic airline industry, they added.

In the wake of the coronavirus outbreak, domestic carriers have reduced the number of international flights. On Wednesday, the government also decided to suspend tourist visas from March 13 till April 15.

SpiceJet Chairman and Managing Director Ajay Singh on Thursday said the aviation sector is under a lot of pressure but this is temporary.
"We have been here before. SpiceJet is far better placed than many others to weather this turbulence. I firmly believe that this is an opportunity for SpiceJet, for the government and the aviation ecosystem to create more efficient and viable structures for the growth that lies ahead.
"SpiceJet will emerge even stronger from this," he said in a statement.
12/03/20 PTI/Outlook
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