Saturday, September 26, 2020

Festive season to propel air travel, 60% capacity by Diwali: IndiGo CEO

Airline major IndiGo foresees a faster pace of traffic pick-up on the back of upcoming festive season as well as capacity augmentation, the airline's CEO said.

In a conversation with IANS, Ronojoy Dutta, Wholetime Director and CEO of India's largest airline in terms of market share acknowledged the a green shoots' of traffic recovery.

"We have analysed the traffic every few days and the trends are up and it is encouraging that the demand is sustaining now, with the travel trend going up in terms of unit revenue and future bookings," he said.

"The demand has certainly picked up after July and we are bullish that it will further augment during the festive season."

Sector wise, the airline industry is amongst the hardest hit due to the outbreak of Covid-19 pandemic.

The company was not spared either, it has flow through financial turbulence mandating some tough decisions such as pay cuts and downsizing.

However, Dutta asserted that initial impact has now tempered and outlook offers faster rate of recovery.

"We do expect air travel demand to pick up during the festive season, with VFR travel being the major contributor to the growth. Also, the relax ation in state government restrictions and the allowance of 60 per cent capacity by central government will further help in increasing capacity as well as demand," he elaborated.

"We are hoping to increase our domestic capacity to 60 per cent by Diwali, 80 per cent by Christmas and 100 per cent by Holi as per our approved summer schedule for 2020."

26/09/20 IANS/FreePressJournal

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