Losses of Indian aviation firms InterGlobe Aviation Ltd and SpiceJet Ltd declined on a sequential basis for the quarter ended December. For perspective, IndiGo’s net loss for the December quarter dropped to ₹626 crore from ₹1,195 crore in the September quarter. During the period under consideration, SpiceJet’s reported net loss declined to around ₹57 crore from ₹113 crore. Data from the Directorate General of Civil Aviation shows that PLFs of most airlines have declined in January 2021 vis-à-vis December 2020. “We believe this would be the last set of restrictions and expect fare regulations to go away post March 2021," said Ginodia.

Source: Mint February 24, 2021 12:52 UTC