Business Standard

Will ATF price hike, Jet Airways' return hurt IndiGo, Spicejet's stocks?

Jet Airways has crossed the 200-weekly moving average (WMA) for the first time since mid-2018, a period of almost 4 years, which indicates an underneath positive bias

Jet had shut its operations in April 2019 and was taken to the insolvency court two months after by its lenders.
Web Exclusive Premium

Jet Airways

Avdhut Bagkar Mumbai
Aviation stocks have held their ground so far this week even as the government hiked jet fuel prices by a steep 5.3 per cent - the tenth straight increase this year - to an all-time high, early this week. 

The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- was hiked by Rs 6,188.25 per kilolitre, or 5.29 per cent, to Rs 1,23,039.71 per kl (Rs 123 per litre) in the national capital, according to a price notification of state-owned fuel retailers. READ MORE

Separately, Jet Airways has inched closer to its second stint as

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 18 2022 | 12:16 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to