IndiGo, SpiceJet Shares Fall After ATF Prices Rise 5.46% For Second Consecutive Month
Shares of major domestic airlines IndiGo and SpiceJet declined on Tuesday after another increase in Aviation Turbine Fuel (ATF) prices raised concerns over higher operating expenses for carriers. InterGlobe Aviation, which operates IndiGo, fell 2.80% to Rs 5,042, while SpiceJet shares declined 1.9% to Rs 10.12 during early trade. Oil marketing companies increased ATF prices for domestic airlines…
IndiGo and SpiceJet shares fell after Aviation Turbine Fuel (ATF) prices rose 5.46% for the second consecutive month, raising concerns over higher operating expenses for the airlines. The price of aviation fuel increased from Rs 115 to Rs 121.28 per litre, marking a 7.5% rise from last month. ATF prices account for around 40% of airlines' operating costs, making any increase directly impact airline profitability and ticket pricing decisions.
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