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Airline shares extend fall as oil prices rise; IndiGo dips 10% in two days

InterGlobe Aviation (IndiGo), Jet Airways and SpiceJet were trading in the range of 3% to 5%, as compared to a marginal 0.1% decline in the S&P BSE Sensex at 09:50 AM.

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SI Reporter Mumbai
Shares of airline companies have fallen up to 5% on the BSE in early morning trade on Thursday, extending their Wednesday’s decline on rise in crude oil prices.

InterGlobe Aviation (IndiGo), Jet Airways and SpiceJet were trading in the range of 3% to 5%, as compared to a marginal 0.1% decline in the S&P BSE Sensex at 09:50 AM. All these stocks are trading near to their respective 52-week lows, had fallen up to 6% on yesterday.

Oil prices inched up on Thursday, extending solid gains from the previous session on a fall in U.S. crude inventories and

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First Published: Aug 30 2018 | 10:14 AM IST

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