Domestic flights’ cap increment to 70% of pre-COVID-19 levels results in stocks mix up

Aviation stocks traded mixed on November 12 after Ministry of Civil Aviation allowed domestic airlines to operate up to 70 percent of the operational domestic flights during the pre-COVID-19 levels owing to the surge in the demand of domestic flights. Earlier, the ministry had introduced a cap of 60 percent on September 2.

“60 percent capacity may be read as 70 percent capacity” the order issued by the MoCA on November 11. The order states that the earlier notification, which had been made effective by the ministry up till February 24, 2021, now stands modified.


This is implemented after a ‘review of the current states of Scheduled Domestic Operations viz-a-viz passenger demands for air travel’, the order emphasised. It further stated that even though the capacity of the airlines has been modified and enhanced, all the rules mentioned in the previous orders will continue to apply in the same manner.

Interglobe Aviation’s share prices managed to touch a 52-week high of Rs 1,650 i.e. Rs18.75, or 1.16 percent hike above the quoting which was at Rs 1,638.25. SpiceJet was quoting at Rs 56.10 that went up by Rs 2.20 i.e by 4.08 percent and Jet Airways was quoting at Rs 55.60 which went down Rs 2.90 i.e by 4.96 percent on the Bombay Stock Exchange.