In an interview with ETNow, Elbers said that the sudden disruption in terms of capacity deployed by the suspension of flying by Go First has created temporary disruptions in capacity and consequently in pricing.
“Things are more stable now and prices are also stabilising to that level,” he added.
Airfares surged last month as growing demand for travel was met with a cutback in supply.
Half of the cash-strapped Go First’s aircraft have been grounded due to supply chain disruptions pertaining to Pratt & Whitney (P&W) jet engines.
The grounding of GoFirst aircraft has created a vacuum in India’s aviation market and has opened its airport slots for rival airlines. After its grounding on May 3, the government allotted GoFirst’s slots to other airlines as an interim measure.Before the shutdown, GoFirst had a market share of around 7 per cent and had around 53 slots in Delhi and Mumbai airports.International ambitions
IndiGo today flies to 78 domestic destinations. It is now focussing on expanding its international footprint in line with the growth of the Indian economy.
IndiGo currently flies to 26 international destinations with 75 international city pairs. It plans to increase its international seat share from 23 per cent in FY23 to 30 per cent in the next two years.
The airline intends to add around 46 to 50 aircraft by FY24.
“We will continue to increase internationalisation. While we may tweak our network a bit to fill up the vacuum in the domestic market, the plan to internationalise stays,” Elbers said earlier.
In August, IndiGo will offer its services on the Mumbai and Nairobi route.
(With inputs from agencies)
