Comments
Aviation stocks witnessed massive selling pressure today and fell up to 5.5 per cent after jet fuel price was hiked by a steep 8.2 per cent.
Shares of Jet Airways (India) tumbled 5.27 per cent to Rs 419 on the BSE. Besides, SpiceJet scrip also plunged 5.42 per cent to Rs 21.80.
Prices of aviation turbine fuel (ATF) in Delhi were yesterday hiked by Rs 3,849.97 per kilolitre or 8.2 per cent to Rs 50,363 per kilolitre.
Jet fuel constitutes over 40 per cent of an airline’s operating costs and the price increase will raise the financial burden of cash-strapped carriers.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.