India’s biggest private-sector airline, IndiGo is aiming to operate at a full capacity with effect from December 2021. The airline simultaneously aims to include at least two-thirds of the international route, as per the itinerary before the pandemic phase.
According to Bloomberg’s report, the decision of the airline which wants to function in its fullest capacity have been permitted. This announcement comes after IndiGo Chief Executive Officer Ronojoy Dutta confirmed the release to Bloomberg. The airline’s owner said: the current cash levels were “pretty good,” but also noted that the carrier is aiming to raise funds as an insurance buffer as warnings have been issued about a possible third wave.
However, if the third wave starts, the aviation industry will find it hard to recuperate from the situation. The aviation sector faced a backlash in April-May last year, that was during the outbreak of the virus. The condition improved gradually but again deteriorated in April, the current fiscal year.
As per the estimated statistics with effect from June 30, the airline operator, with a global reach witnessed a loss of Rs 3,174.2 crore for the quarter ending at January 2021, quite high compared to the previous year’s 2,844.3 crores in the similar quarter ending period.