Aviation Stocks Fall As Crude Oil Surge, ATF Price Hike Impact Prospects
Shares of domestic airlines IndiGo and SpiceJet extended their decline on Wednesday as rising global crude oil prices and higher Aviation Turbine Fuel (ATF) rates weighed on investor sentiment. InterGlobe Aviation, the parent company of IndiGo, was trading lower on the NSE, while SpiceJet shares also declined on the BSE. The Indigo stock declined over 3 percent to Rs 5,055. The stock of Spicejet…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
