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India's leading LCC forecasts "strong hopes of recovery" as a "robust vaccination" regime takes hold
August 6th 2021
IndiGo CEO, Ronojoy Dutta, said the decline in COVID-19 cases and a "robust" vaccination program meant there were "strong hopes of recovery" in the market. Read More » However, writing in the company's annual report, Dutta cautioned against predicting a timeline for reaching 100% of pre-COVID capacity levels due to external factors. They include a potential third COVID-19 wave across India, government restrictions in domestic markets and uncertainty about the resumption of international operations. Notwithstanding the challenges from the pandemic, the airline is positioning itself for the long-term. "Though the past year has been difficult, our vision is firmly rooted in the long-term. We are not willing to be distracted by the trials and the vicissitudes caused by the pandemic," Dutta said. "The fundamentals of our business model - low cost, on time performance, hassle-free courteous service and rapid expansion - remain intact and as robust as ever."
