 "Aviation outlook stays cloudy despite easing of capacity restrictions")
InterGlobe Aviation (IndiGo) and SpiceJet gained 4-7 per cent over the week on expectations of improvement in load factors, thanks to the easing of capacity restrictions and lifting of lockdown measures.
The new capacity guidelines were issued earlier this week, allowing airlines to operate at 60 per cent capacity, against the previous cap of 45 per cent. Capacity deployment has increased steadily from the 33 per cent in May (when the lockdown was lifted), and this is reflecting in average daily departures and traffic.
Analysts at Centrum Research say there was a sharp uptick in traffic in August, with average daily traffic
