Airline stocks trade firm post February domestic passenger traffic data

SpiceJet, InterGlobe Aviation and Jet Airways were up in the range of 1%-2% on the BSE in intra-day trade

Shares of airline companies such as SpiceJet, InterGlobe Aviation (IndiGo) and Jet Airways (India) gained by upto 2% on the BSE after the domestic air passenger traffic recorded 24.14% year on year surge at 10.7 million in February 2018.

The domestic air passenger traffic was at 8.6 million in the corresponding month of 2017, according to data furnished by the Directorate General of Civil Aviation (DGCA).

The passenger load factor in the month of February 2018 has shown increasing trend compared to previous month primarily due to the ongoing tourist season, the DGCA said in its monthly domestic