Invest Policy
No Result
View All Result
Wednesday, February 24, 2021
  • Login
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
Subscribe
Invest Policy
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
No Result
View All Result
Invest Policy
No Result
View All Result
Home Latest News

Aviation shares on high flight likely to increase air fares by 10 to 30%

by InvestPolicy
February 13, 2021
in Latest News
0
Aviation shares on high flight likely to increase air fares by 10 to 30%
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

 

Aviation shares today flew high on the possibility of a 10 to 30 per cent increase in airfares. The shares of INDIGO and SPICEJET have seen strong momentum and in intraday, these stocks have gone up by 7%.

Explain that the Directorate General of Civil Aviation (DGCA) has approved the increase in airfare. Due to which you may have to spend up to 30 percent more on domestic travel. The government has fixed the minimum and maximum fare for different routes. The minimum fares have been increased by 10 per cent and the maximum fares by 30 per cent. The government has also made it clear that domestic flights will continue to operate with 80% capacity till 31 March 2021.

This decision is applicable with immediate effect. Let us know that the January-March quarter has traditionally been weak for the aviation industry. Along with this, there is also uncertainty regarding demand. In such a situation, the government has brought this decision a big relief for the aviation industry. Let us know that on 10 February, domestic air traffic was 67 percent of the 2019 average daily domestic traffic.

SpiceJet announces 24 new domestic flights, first to fly from Ajmer to Mumbai

SpiceJet had a loss of Rs 57 crore in the December quarter, while the company had a profit of Rs 77.9 crore in the Kisari quarter last year. India’s largest airline IndiGo also reported a loss of Rs 620.1 crore in the December quarter. At the same time, the company had a profit of Rs 496 crore in the third quarter of last year. Recently, Hardeep Singh Puri said that the floor and ceiling price cap at the air fair was an unusual step taken under unusual conditions, continuing this may lead to the bankruptcy of aviation companies.

The government has given the reason behind increasing the air fares band that the fare was last fixed in May last year, while fuel prices have increased significantly since then. The government has said that this new airfare band will continue until the flights start running at full capacity.

Air India fears loss of Rs 10,000 crore this year, disinvestment plan may get a shock

Tags: Air fairAir fareairfareAviation SectorDGCAIndigoSpiceJet
  • Trending
  • Comments
  • Latest
MP E Uparjan

MP E Uparjan 2021 | Farmer online registration, mpeuparjan.nic.in portal

January 25, 2021
RailTel IPO: Premium falls in gray market, should you still invest?

Nureca’s IPO will open for subscription on February 15, should it subscribe or not? Know the opinion of experts

February 10, 2021
sukanya-samriddhi-yojana-vs-lic-kanyadan-policy

LIC Kanyadan Policy Vs Sukanya Samriddhi Yojana

May 11, 2020
Nureca IPO: दूसरे दिन 13.66 गुना सब्सक्राइब हुआ IPO, रिटेल पोर्शन 74 गुना बुक, QIB पोर्शन नहीं हुआ बुक

Nureca IPO: IPO subscribed 13.66 times on second day, retail portions booked 74 times, QIB portions not booked

February 16, 2021
top-5-best-lic-plans-2019

Top 5 Best LIC Plans India in 2020 – Reviews

4
lic-tech-term-plan

LIC Tech Term Plan – A Protection Plan For Indian Family

3
lic-policy-status

How To Check LIC Policy Status? – Step By Step Process

3
sukanya-samriddhi-yojana-vs-lic-kanyadan-policy

LIC Kanyadan Policy Vs Sukanya Samriddhi Yojana

2
Pakistan's intelligence officer responsible for absconding Taliban spokesman, PAK Army takes action

Pakistan’s intelligence officer responsible for absconding Taliban spokesman, PAK Army takes action

February 24, 2021
Pakistan PM Imran Khan in Sri Lanka - Only Kashmir dispute with India can be resolved by negotiation

Pakistan PM Imran Khan in Sri Lanka – Only Kashmir dispute with India can be resolved by negotiation

February 24, 2021
nifty

Nifty again beyond the 15 thousand level

February 24, 2021
Flipkart to include 25,000 electric vehicles in its fleet for product delivery, partnership with three companies

Flipkart to include 25,000 electric vehicles in its fleet for product delivery, partnership with three companies

February 24, 2021

Recent News

Pakistan's intelligence officer responsible for absconding Taliban spokesman, PAK Army takes action

Pakistan’s intelligence officer responsible for absconding Taliban spokesman, PAK Army takes action

February 24, 2021
Pakistan PM Imran Khan in Sri Lanka - Only Kashmir dispute with India can be resolved by negotiation

Pakistan PM Imran Khan in Sri Lanka – Only Kashmir dispute with India can be resolved by negotiation

February 24, 2021

Categories

  • Banking
  • Economy
  • Featured
  • Finance
  • General Insurance
  • Health Insurance
  • Insurance
  • Investment Plans
  • Latest News
  • LIC
  • Life Insurance
  • Market
  • Money
  • Mutual Funds
  • Property
  • Scheme
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

InvestPolicy.com is one of the leading companies when it comes to loans and card marketplace. Our main motto is to help our customers in making personal finance decisions easy and convenient as per their comfort.

© 2021 Invest Policy. All Right Reserved.

No Result
View All Result
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
  • About Us
  • Contact Us

© 2021 Invest Policy. All Right Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In