First time since Covid, Diwali flight numbers fall on high fares and disruptions
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Airlines scheduled about 6% fewer flights across October and November than a year earlier, according to data from aviation analytics firm Cirium. That marks the first capacity decline since 2020, when carriers slashed service capacity by nearly 45% amid the pandemic-induced…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe capacity decline signals weaker demand for the airline sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Airlines scheduled about 6% fewer flights across October and November.
- 02According to Cirium data, it is the first capacity decline since 2020.
- 03In 2020 capacity had collapsed by nearly 45% due to the pandemic.