Countries are coming out of lockdown to restart their economies while coronavirus continues to infect people across the globe. Five million Covid-19 cases have been reported globally.
Covid-19 continues to cross grim milestones as 50 lakh cases have been recorded globally with more than 3 lakh deaths. The global recovery rate is now close to 40% as more than 20 lakh have recovered. In India, 1,12,359 people have been infected
with Covid-19. 3,435 people have died so far due to Covid-19
DGCA has told airlines that it will prescribe upper and lower limit of fares and directed airlines to adhere to them.
Aviation stocks on Thursday rallied up to 10 per cent in opening trade after the government announced that domestic passenger flight services will resume from May 25 in a calibrated manner.
InterGlobe Aviation shares zoomed 9.88 per cent to Rs 1,002 on the BSE.
SpiceJet also jumped 4.88 per cent to Rs 42.95 — its upper circuit limit.
Domestic passenger flight services will resume from May 25 in a calibrated manner, Civil Aviation Minister Hardeep Singh Puri said on Wednesday.