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For aviation stocks, resumption of flights a silver lining around a dark cloud

Hardeep Singh Puri city Mumbai virus covid-19 Coronavirus
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MUMBAI: Shares of aviation companies, InterGlobe Aviation Ltd, which runs the IndiGo airlines, and SpiceJet Ltd, took off in early deals on Thursday.

Not without reason. On Wednesday, after market hours, aviation minister Hardeep Singh Puri tweeted that flight operations will resume in a calibrated manner from 25 May.

In other words, airlines will restart operations after two months of being grounded to curb the spread of the novel coronavirus disease.

This is a positive development for airlines, as it offers some relief to airlines in terms of operating their capacity vis-à-vis being shut. "But it does not mean it will be able to stimulate the needed passenger traffic given how the virus is showing no signs of abating," pointed out a

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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