Airline stocks saw mixed movement today following a prior hike in Aviation Turbine Fuel (ATF) prices. The December revision increased ATF prices by 1.45%, amounting to ₹1,318.12 per kiloliter in the national capital, which houses the Indira Gandhi International Airport (IGIA).
Stock Performance:
- InterGlobe Aviation (IndiGo): Gained 1.21% on BSE (₹4,607.95) and 1.11% on NSE (₹4,604.85).
- SpiceJet: Rose 0.07% on BSE (₹55.44) and 1.93% on NSE (₹31.70).
- Global Vectra: Emerged as a top gainer in the sector with a 1.9% increase.
Meanwhile, the benchmark S&P BSE Sensex rose by 0.55% to 78,568.7, reflecting broader market optimism.
This follows ongoing adjustments in operational costs for airlines, heavily influenced by fluctuations in ATF prices, a significant component of their expenditure.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
