Sunday, August 30
New Delhi: Many companies are choosing to postpone in-person meetings and conferences and are avoiding non-essential travel this week amid the uncertainty associated with travel, following mass cancellation of flights by IndiGo, the country's largest airline.Even as IndiGo chief executive Peter Elbers said operations were "fully stabilised" and that the carrier operated more than 1,800 flights on Tuesday, companies are taking a cautious approach. Hospitality industry insiders said cancellations were coming in, but they expect the crisis to cause only a temporary blip in performance in a usually busy quarter."Many of the outstation travel now stands cancelled across airlines, both on account of flight unavailability and high fares," said a partner at a consulting firm who did not wish to re
India's aviation sector is witnessing a modest recovery in demand, but rising fuel prices and a weakening rupee are emerging as major headwinds that could pressure airline profitability in the coming quarters, according to a new industry analysis by J P Morgan.The report, India Aviation Insights, notes that while domestic traffic has begun to improve after a weak second quarter, key cost variables, aviation turbine fuel and forex, pose significant challenges going forward. The study tracks high-frequency airfare and traffic data across major domestic and international routes.According to the findings, domestic airfares for Q3 FY26 to date remain largely flat year-on-year, despite a sequential uptick on some routes. Airfares declined across nine of 19 major domestic routes, indicating that
