Airline shares higher as fuel prices fall

Reuters Market Eye - Shares in Indian airline companies surge.

State-run oil marketing companies slash jet fuel prices, according to local media reports.

Fuel charges contribute to nearly one-third of an airline's operational expenses - analyst with a local brokerage.

Jet Airways Ltd is up 4.5 percent and SpiceJet gains 4.2 percent.

(Reporting by Indulal PM)