IndiGo, SpiceJet tank over 5% as govt prohibits them from booking tickets

Aviation minister Hardeep Singh Puri said in a tweet on Sunday that airline services shall remain suspended even after the lockdown is lifted on May 3.

Shares of InterGlobe Aviation-run IndiGo, and SpiceJet declined over 5 per cent on the BSE on Monday after the government prohibited the airlines to book tickets until further notice from the government. 

Individually, stock of IndiGo slumped 5.47 per cent to Rs 1,010.65 on the BSE, while stock of SpiceJet slipped nearly 3 per cent to Rs 47.25 on the index. In comparison, the S&P BSE Sensex was at 31,632 level, up 0.14 per cent at 9:50 am. 

As per a directive issued by aviation watchdog Directorate General of Civil Aviation (DGCA), all airlines have been prohibited from taking bookings