Coronavirus Outbreak: Aviation stocks fall after DGCA directive to stop bookings for travel after 3 May
Airline stocks fell up to 5.5 percent on Monday after regulator DGCA directed airlines to stop taking bookings for travel after 3 May
New Delhi: Airline stocks on Monday settled up to 6 percent lower after the civil aviation regulator DGCA directed airlines to stop taking bookings for travel after 3 May.
Shares of InterGlobe Aviation, parent of IndiGo, tumbled 6.05 percent to close at Rs 1,004.50 per unit and those of SpiceJet fell by 1.85 percent to Rs 47.70 apiece on the BSE.
DGCA on Sunday directed airlines to stop taking bookings for travel after 3 May, assuring them that they would be given sufficient time to restart flight operations.
The Directorate General of Civil Aviation (DGCA) issued a circular stating, "all airlines are hereby directed to refrain from booking tickets... Further, the airlines may note that they shall be given sufficient notice and time for restarting operations."
All domestic and international commercial passenger flights have been suspended for the lockdown period. However, cargo and special flights permitted by the DGCA can fly in this period.
The first phase of the lockdown was from 25 March to 14 April. The second phase began on 15 April and ends on 3 May.
Delhi govt files cases against four airlines for not checking RT-PCR reports of passengers from Maharashtra
These cases have been filed under the Disaster Management Act against the four airlines Vistara, Indigo, SpiceJet and Air Asia
People who are getting married in this period will be issued special passes. Such passes will also be available for people heading to airports, railway stations, and other such important areas
An Oral History of the COVID-19 Crisis: 'An uncharted territory of travelling through an unperceived threat'
This account is part of Firstpost’s Oral History Project of the COVID-19 Crisis in India. The Oral History Project aims to be an ongoing compendium of individual experiences of the pandemic, with a focus on one significant day in our respondents’ lives during this time.