Summer travel is set to become pricier as flights decrease

Due to high oil prices and terminal capacity constraints at airports, airlines will be reducing the number of domestic flights they operate during the summer of 2023 compared to the previous year. The Directorate General of Civil Aviation (DGCA) has approved airlines for 22,907 weekly flights in the summer schedule of 2023, according to data that they released. The previous summer schedule approved 25,309 weekly flights, and this represents a 9.5% decrease.

Despite the decrease from the previous year, the current number represents a 4.4% increase from the 21,941 weekly flights operated during the winter schedule. IndiGo, the market leader, has opted to increase its capacity and will be operating 11,465 flights this summer, up from 10,085 flights in the winter, an increase of approximately 14%.

Compared to the winter schedule, SpiceJet, which is struggling financially, will operate 30% fewer flights, with permission to operate only 2,240 flights during the summer schedule. Despite having undergone debt-equity restructuring with Carlyle Aviation, the airline has been unable to acquire new capacity and is still returning aircraft to the lessor because of unpaid dues.

In June, Air India will introduce a significant amount of fresh capacity, and they will include 2,178 flights in their summer schedule. This figure is 9.45% higher than the airline’s ongoing winter schedule.

The decrease in flights will also affect the tourism industry, especially in popular vacation destinations. Hotels, resorts, and other businesses that rely on tourism are likely to see a decrease in bookings and revenue as travelers opt for more affordable options or choose to stay closer to home.

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