Categories: Economy

Several airlines start bookings for June onwards travel

The COVID-19 battered airline industry has started accepting ticket bookings for the travel period starting June 1, sources said on Tuesday.

According to industry insiders, many airlines barring Air India, have loaded their ticket itineraries on online booking platforms.

Besides immediate financial relief the move also allows the airlines to keep their staff and aircraft ready for the eventual re-start of domestic operations.

However, there is no government backing to the move, since the current fourth phase of lockdown has no provisions to re-start air travel.

While the current and more relaxed lockdown 4.0 has given relaxation to re-start businesses, markets and factories, it prohibits air travel which has been suspended since late March.

No future advisories to this effect have been made by the government or the regulator.

An executive with a leading low cost carrier said, “This move is important since we can prepare a schedule, keep the air crew and aircraft ready. We are on the verge of collapse.”

Currently, some players have made cargo operations their main revenue stream. Still, fixed cost, especially the employee compensation component alone, has dented their financial positions and stock prices.

However, not all sectors are being offered under the new bookings itinerary.

“Some cash strapped airlines have begun their bookings for the month of June to gather some cash from the customers which shall help them to survive the recovery period,” Nishant Pitti, CEO and Co-Founder of EaseMyTrip.com said.

“Government and DGCA so far have not given any directives to the airlines to begin bookings.”

Many airlines have frozen salaries of employees..

IANS

Recent Posts

PoGB: Protest erupts in Gilgit amid ongoing violence, blockade in Parachinar

Residents of Pakistan-occupied Gilgit Baltistan staged a mass protest against the ongoing violence, killings, and…

13 hours ago

RBI allows UPI access through prepaid payment instruments for full-KYC third-party applications

The Reserve Bank of India has allowed UPI to enable payments from KYC Prepaid Payment…

15 hours ago

US Mission to India issues over one million non-immigrant visas for second consecutive year

The US has issued over one million non-immigrant visas to Indians for the second year…

16 hours ago

EAM Jaishankar, US counterpart Blinken review advancement of bilateral partnership

External Affairs Minister S Jaishankar held a meeting with his US counterpart Antony Blinken in…

16 hours ago

Balochistan: Families of missing persons hold protest to mark sixth anniversary of Rashid Hussain’s enforced disappearance

Families of missing persons staged a protest in Hub Chowki, Balochistan, to mark the sixth…

18 hours ago

US Congressional report exposes China’s “systematic repression” of Tibet’s culture, religion

The US Congressional-Executive Commission on China (CECC) has released its annual report, detailing ongoing human…

19 hours ago