Loading
19-Mar-2018 12:08 PM

A320neo cancellations not impacting fares; equate to around 2% of capacity

India's Minister of State for Civil Aviation Jayant Sinha, via his official Twitter account, stated (16-Mar-2018) India's Civil Aviation Ministry has been monitoring prices on the impacted routes and that "there has not been a significant or abnormal increase in airfares". The Ministry noted that only 1%-2% of the total capacity has been impacted by the decision. "With 17 engines [14 aircraft] grounded due to safety considerations, imp to note that it is around 2 per cent of capacity. With two planes coming in every week, we expect supply-demand to be back in balance quickly. Fares have not seen any meaningful spike", Mr Sinha said. Along with the tweet, Mr Sinha posted a statement with an analysis of statistics about engines and aircraft grounded as well as flights cancelled. "1.5 to 2 per cent capacity growth is taking place every month. The capacity impact of this safety measure is expected to be mitigated in a few weeks", he noted. The number of engines grounded is 17 compared to 1174 engines in service and the ratio translates to 1.4%, as per the analysis. In terms of aircraft, Mr Sinha said 14 have been grounded compared to 582 under scheduled operations for a 2.4% ratio. He added that the total number of flights cancelled is 378 in the period from 15-Mar-208 to 21-Mar-2018, while departures planned during this period is 18,781. The "number of flights cancelled over the period/ total departures: 2 per cent", as per the analysis.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More