The latest 25 Indian destinations have opened for Air France-KLM, with several new routes extending up for Indigo by a codeshare deal signed on Thursday.
Air France and KLM will open up their international network of over 250 destinations to IndiGo customers with more than 120 destinations in Europe and 50 in the Budget carrier IndiGo have inked an expansive codeshare deal with Air France-KLM, a piece of information told on Thursday.
In a codeshare agreement, each airline on its distribution system can deal seat other’s flights.
IndiGo codeshare agreement
On departure from Indian provinces, Air France and KLM will also unlock up their international network of over 250 destinations to IndiGo customers with more than 120 destinations in Europe and 50 in the Americas.
The deal is subject to government permission, will start in February 2022.
- On Thursday, IndiGo shares were trading higher by 1.67% in noon deals at ₹1,947.45 on NSE. IndiGo also has codeshare agreements with Turkish Airlines, Qatar Airways, and American Airlines.
The aviation sector has been battered for most of 2021 with coronavirus restrictions forcing airlines to cut flights and shut operations.
The June quarter has been particularly devastating for IndiGo with the airline posting a massive loss of ₹3,179 crores. The second wave and resultant lockdowns suggested that the whole time was a near washout in processes.
Scheduled international passenger flights have been suspended in India since March 23 last year. However, limited passenger flights have been running between India and approximately 32 countries, including France and the Netherlands, under ‘air bubble’ arrangements.
Adding to the pain, surging crude oil prices, just when the air traffic witnessed is an of recovery, played a spoilsport for a quick recovery. Oil marketing companies (OMCs) have hiked prices of aviation turbine fuel (ATF) by about 70%-80% in the last year, as global crude oil prices soared on energy crunch.
Analysts say this development is certainly positive for IndiGo and may boost its earnings when normal international flight operations restart.
Stay Updated with Aviatona2z.com
Source : Mint