Wednesday, December 09, 2020

IndiGo to reach 80% of normal domestic capacity soon

Sydney: India's biggest airline, IndiGo, expects to reach 80% of usual domestic capacity by the end of the month but international capacity is running at just a fth of normal levels because of the pandemic, its chief executive said on Wednesday.
 The airline hopes to reach 100% of normal domestic capacity by early next year and 100% of its usual international capacity by the end of 2021, Chief Executive Ronojoy Dutta said at a CAPA Centre for Aviation event. 
 The low-cost airline, owned by Interglobe Aviation Ltd , reported last month a loss of 11.95 billion rupees ($162.45 million) in the second quarter ended Sept. 30 as pandemic curbs dented its operations. IndiGo said at the time it expected third-quarter capacity to be around 60% of period a year earlier. But the Indian government soon after lifted its domestic capacity cap to 70% and again last week to 80%. International ights are restricted and being run as charter operations.
 In June, IndiGo said it would cut costs of up to 40 billion rupees and speed the return of older planes to leasing rms in a bid to cushion the pandemic's hit to business. 
 09/12/20 Economic Times
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