As Vaccinations Rise, Should You Look at Airline Stocks?

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As Vaccinations Rise, Should You Look at Airline Stocks?

By Aditya Raghunath

Investing.com -- India, on September 6, administered over one crore COVID-19 vaccine doses. This is the third time in 11 days that India has managed this feat. With this, the total number of people in India who have received at least one vaccine dose is almost 70 crore or a little over 50% of India’s 130 crore population.

The number of COVID-19 cases across the country has also declined with Kerala being the only outlier on current data. This has led to an increasing number of passengers who are travelling by air.

Domestic air traffic has surged in September. It crossed the 2 lakh mark in August for the first time after the second pandemic wave. For the whole of August, air passenger traffic was between 2 lakh – 2.3 lakh. On September 5, it crossed 2.5 lakh.

A Moneycontrol report said that nearly 55% of people who booked tickets on Yatra.com did so for flights at least 30 days away. Shares of Interglobe Aviation Ltd (NS: INGL ) aka Indigo Airlines, have risen almost 18% in the last month. However, Spicejet Ltd (NS: SPJT ) has struggled with only a 3% rise in the same period.

Airlines and travel operators now want the government to lift curbs on pricing and load limits. If that happens, expect more traffic to soar.

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  • Sadananda Halageri @Sadananda Halageri
    50% have not received at least one dose of vaccination. The figure is 40%, which includes those that have received both doses.
    Like 0

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