Shares of aviation companies InterGlobe Aviation Ltd and SpiceJet Ltd took off on Thursday after the government said flights would resume in a calibrated manner from 25 May.
This comes with many curbs but investors are relieved airlines can restart operations after two months of being grounded. To begin with, airlines are permitted to operate up to a third of their approved summer schedule capacities.
While resuming operations is certainly far better than being grounded, the many curbs mean that available seat kilometres (ASKs) and revenues will take a beating this year.
