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Aviation stocks rise as regular intl flights to resume, but crude a concern

Airlines currently face a challenging time ahead on account of record high ATF prices, which are likely to increase further on the back of Russia-Ukraine conflict, says an analyst

Topics
Aviation | Aviation sector | Aviation stocks

Avdhut Bagkar  |  New Delhi 



While traffic is steadily rising, it is still less than the peak in March when 7.8 million people flew and also down 50 per cent from pre-pandemic levels.

Shares of airline InterGlobe – parent company of the low-cost airline IndiGo, and SpiceJet gained up to 8 per cent on the BSE in Wednesday’s intra-day trade after the government announced resumption of international flights from March 27, 2022. The move is expected to boost international capacity and will help soften airfares, which have been soaring due to increased demand and rise in crude oil prices.

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First Published: Wed, March 09 2022. 19:16 IST

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