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The government of Pakistan has issued such an order, due to which India is expected to suffer a loss of Rs 77 crore every week. The special thing is that the effect of Pakistan's order is also being seen on some companies in the stock market. Let us also tell you what kind of order has been issued by the government.
The tension between India and Pakistan has increased a lot. Due to which diplomatic and strategic action is being taken from both sides. Which is causing economic loss to both the countries. Where India has hurt Pakistan's agri economy by ending the Indus Water Treaty with Pakistan. On the other hand, the government of Pakistan has issued such a decree, due to which India is estimated to lose Rs 77 crore every week. The special thing is that the effect of Pakistan's decree is also being seen on some companies in the stock market. Recently, Pakistan's Information Minister has claimed that India can take military action against Pakistan in 24 to 36 hours. In such a situation, you can guess what level the tension has reached between the two. Let us also tell you what kind of decree has been issued by Pakistan and how India is getting harmed.
Loss of 77 crores every week
According to the report, Indian airlines may have to bear an additional cost of Rs 77 crore per week for international flights operating from northern cities of the country amid increased tension with Pakistan. This will happen due to increased consumption of aviation fuel and longer flight duration due to the ban on airspace. With the increase in the number of foreign flights and flight duration, a PTI-Bhasha analysis of estimated expenses showed that the additional monthly operating cost of airlines could exceed Rs 306 crore. Tensions between India and Pakistan have increased due to the Pahalgam terror attack. Meanwhile, Pakistan said on Thursday that it will stop Indian airlines from using its airspace.
How much loss on which route
The adoption of alternate flight routes is adding up to 1.5 hours to international flights from Delhi and other North Indian cities. This has also led to an increase in ATF consumption. A senior airline industry official with extensive experience in the commercial sector said that a 16-hour flight to North America will now take about 1.5 hours more. This additional 1.5 hours will cost about Rs 29 lakh. Similarly, a nine-hour flight to Europe will also take about 1.5 hours more and the cost will increase by about Rs 22.5 lakh. The official said that in the case of flights to West Asia, the additional time will be about 45 minutes and due to this the cost will increase by about Rs 5 lakh.
How many international flights where
According to aviation analytics firm Cirium, Indian airlines are set to operate more than 6,000 one-way flights to various international destinations in April. According to these figures, Indian airlines operate more than 800 weekly flights from North Indian cities to foreign destinations including North America, UK, Europe and West Asia. This adds up to more than 3,100 flights a month on both sides, and the number is around 800 on a weekly basis. According to the analysis, the total additional expenditure will be around Rs 307 crore per month and Rs 77 crore on a weekly basis. These figures are based on rough estimates.
The order was issued on 24th
After 26 Indians were killed in a terrorist attack in Pahalgam on 22 April, when India refused to accept the Indus Water Treaty, on the night of 24 April, Pakistan took action against India and issued an order to ban the airspace by stopping Indian flights passing through Pakistan. After that, the tension between the two countries increased even more. After that, an estimate was made that the cost of international flights to America and Europe could increase by 8 to 12 percent and the timing could increase by 2 to 2.5 hours.
Indigo shares fell sharply
After this order of Pakistan, IndiGo's shares have seen a huge decline. According to BSE data, shares of IndiGo Airlines' parent company InterGlobe Aviation have seen a decline of more than 5 percent. If we look at the data, the company's share closed at Rs 5520.35 on April 24. Whereas on April 30, the company's share came down to Rs 5243.55. This means that since then, the company's share has seen a decline of Rs 276.8. The special thing is that on April 24, the company's market cap was Rs 2,13,328.06 crore, which has come down to Rs 2,02,631.42 crore on April 30. This means that the company's market cap has suffered a loss of Rs
