Jet Airways, SpiceJet and IndiGo tank up to 3% even as ATF price cut by 2.7% in Delhi
IndiGo shares ended at Rs 1049.25, down 3.5 per cent. Jet Airways lost 1 per cent to Rs 342.85, while SpiceJet dipped 1.3 per cent to Rs 107.65 on the BSE. The losses came as the global benchmark Brent crude oil surpassed $78 per barrel, with upward pressure more active on the oil prices.
Air turbine fuel (ATF) constitutes about 40 per cent of an airline's operating cost. Image source: Reuters