Economy News

Fall in domestic flight bookings by 10-12 per cent

According to reports, there’s a 10-12 percent decline in domestic flight bookings in the last week owing to sudden hike in COVID-19 cases.

RT PCR tests are now mandatory for travellers arriving from certain states with high corona virus cases.

States like Uttar Pradesh, Kerala, Maharashtra, Karnataka and Manipur have made the RT PCR tests a compulsion.

Moreover, the Odisha government has imposed a seven-day home isolation guideline.

This is for people coming from 12 high-risk states via planes and trains with the state’s case load jumping to 3,37,018.

Meanwhile, Mumbai airport has witnessed a drop in seat capacity from around 70-72 percent to 60-64 percent recently.

This is because passengers are postponing or cancelling trips as COVID cases continue to rise in numbers.

However, travel booking websites are still hopeful about a revival despite a steady fall in traffic.

Further, corporate bookings are at 15-20 percent as of now.

Besides this, Leisure and VFR segments are back in form, scaling up a 70-80 percent of pre-COVID levels.

Suspension of scheduled international flight operations were from March 23, 2020 due to the emergence of the pandemic.

The suspension has been further extended till 23.59 pm IST of March 31, 2021 as per DCGA.

Also DCGA will allow international scheduled flights on select routes by the competent authority on a case-to-case basis.

The airlines are expecting the situation to improve in terms of air traffic soon.


Check all the recent news updates and share market updates


 

Get 90% Discount on Brokerage Now! Open Demat Account