The fate of Go First’s valuable slots at major metro airports, temporarily allotted to peers in the peak travel season, hangs in the balance as uncertainty persists over when the beleaguered budget airline will resume operations.
Rivals were vying for these slots even before Go First’s application for voluntary insolvency proceedings was admitted as India's booming civil aviation sector faces capacity constraints. The government has reportedly given these slots on an interim basis to airlines that can fly more flights in this peak summer travel season, according to an Economic Times report. Once Go First resumes operations, they will go back to the airline.
Go First has suspended operations until May 23, after a series of announcements extending the suspension from days to weeks.
Its approved summer schedule for the domestic market showed that it had more than 500 permissions to operate flights, depending on the weekly frequency, at seven major airports, including Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Ahmedabad, and Kolkata.
The low-cost carrier also had a strong network of leisure destinations such as Leh, Srinagar, and Goa.
Last minute airfares rose 80-120% week-on-week on Delhi-Srinagar, Delhi-Leh and Mumbai-Goa routes after Go First suspended operations, data shared by online travel company Ixigo showed. On other major metro routes, the fares increased by 40-60%.
16/07/2023 BQ Prime
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