The deadly and catastrophic Covid-19 pandemic has affected a lot of sectors and they have incurred losses. One such sector being the aviation industry. Before the pandemic, the aviation industry.
Government has to cut the ceiling capacity in flights meaning that there will be the only deployment of 50% of the number of flights as earlier. Cancellation of flights will take place which indirectly hints to the higher. The Ministry of Civil Aviation has raised the lower limit and flights within the country are going to be costlier.
One reason for this high cost is the increase in fuel prices. The number of passengers which got decreased because of Covid was also the reason for high fares so the market has been really low.
On account of the rise in fuel costs, the government has increased the fare limits. Now, the lower limit for flights under 40 minutes of duration will be increased from Rs 2,300 to Rs 2,600 — a hike of 13 percent. Similarly, flights with a duration between 40 minutes and 60 minutes will have a lower limit of Rs 3,300 instead of the current Rs 2,900.
Because of the pandemic, the airlines will also have to concern themselves about minimum contact. Because of this, security check-ups, lower sitting capacity, regulating the food distribution. All this caused the rise in fare.
Apart from all this, there are speculations that will the airline sector able to bounce back and revived again? Major ownership changes, entering of private players could lead to profits.
With that, resorting to new strategies and making the airports more digitized and sustainable with good self- service will help to revive the airlines again.
New business models, introducing contact less check-ins, discounts, personalized offers to gain the confidence of the customers again will be of lot help
In near future, there will be a revival of airline industry provided the adaptation and transformation according to the needs of the users with proper analysis of market.