Vistara's loss may not be IndiGo's gain; oil remains an overhang: Analysts

Surging oil prices, according to analysts, could hit the airline if the government decides to hike the prices of aviation turbine fuel (ATF).

Shares of low-cost airline IndiGo hit record high on the bourses amid reports of pilot crisis at Vistara. The development also saw airfares surge by around 25 per cent on select routes.

Shares of IndiGo hit a lifetime high of Rs 3,815 on April 10, 2024, advancing 5 per cent in the intraday trade. The stock settled 4.8 per cent higher as against a 0.47 per cent rise in the benchmark S&P BSE Sensex.

Thus far in the month of April, the stock has gained 7.2 per cent on the bourses, while the benchmark S&P BSE Sensex has risen 1.87