Read more about ECLGS in aviation: Industry player says decision to ease liquidity pressure on Business Standard. Govt announced extending the Emergency Credit Line Guarantee Scheme to the civil aviation sector, a move that is expected to provide a liquidity solace for the pandemic-hit segment
|ndia s domestic air passenger traffic declined around 40 per cent to 7.7 million in January 2021 over the year-ago period as the pandemic continues to hit air travel demand, as per the monthly traffic data released by the aviation regulator, DGCA on Thursday. The total number of passengers flown by the Indian carriers on domestic routes in January 2020 was 10.2 million. The passenger load factor, a measure to assess how much of an airline s passenger carrying capacity has been utilised, during the previous month has shown a declining trend compared to December primarily due to the tourist season, the DGCA said. The load factor of six major domestic airlines IndiGo, SpiceJet, Air India, GoAir, Vistara and AirAsia India stood between 70 per cent and 64.9 per cent in January, as per data.
December 20, 2020
Airline stocks are on track to record their third straight month of gains on hopes that the coronavirus vaccine will help normalize commercial air travel sooner rather than later. Investors are also betting that U.S. carriers may be in line to receive additional relief in the stimulus package currently being negotiated in Congress.
As of December 16, the NYSE Arca Airline Index was up nearly 4.5% for the month. This follows a spectacular 41.9% increase in November airline stocks’ biggest monthly jump on record and 1.6% increase in October.
A Congressional relief package has seen delay after delay, but a bill may be headed for President Donald Trump’s desk as soon as this week, according to reporting by Politico.
Airline stocks are on track to record their third straight month of gains on hopes that the coronavirus vaccine will help normalize commercial air travel sooner rather than later. Investors are also betting that U.S. carriers may be in line to receive additional relief in the stimulus package currently being negotiated in Congress.
As of December 16, the NYSE Arca Airline Index was up nearly 4.5% for the month. This follows a spectacular 41.9% increase in November airline stocks’ biggest monthly jump on record and 1.6% increase in October.
A Congressional relief package has seen delay after delay, but a bill may be headed for President Donald Trump’s desk as soon as this week, according to reporting by Politico.
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