Aviation stocks take off amid weak crude oil prices

Lower aviation turbine fuel costs would boost margins of aviation companies

Shares of aviation companies were trading higher in an otherwise weak market as weakening crude oil prices would boost margins.

Aviation turbine fuel accounts for nearly 40% of the operating costs for the airlines and lower fuel prices would help improve margins.

Jet Airways was up 3.3% on the Bombay Stock Exchange (BSE). The stock opened at Rs 759 and touched a high of Rs 776. At 11:35am, over 4.5 million shares were traded on both the stock exchanges.

InterGlobe Aviation was up 2.2% at Rs 1,268 on the BSE. The stock opened at Rs 1,248 and touched a high of Rs 1,278. At 11:35am, over 690,000 shares were traded on both the stock exchanges.

SpiceJet was up 2.3% at Rs 82.40. The stock opened at Rs 81.60 and touched a high of Rs 83.20. At 11:35am, over 501,000 shares were traded on the BSE.