The shares of Interglobe Aviation Ltd. (Indigo Airlines) surged nearly 3% after the company introduced fuel surcharge considering the demanding season for travelling. Interglobe Aviation opened positive at ₹2555 against the previous close of ₹2473.40. The shares witnessed the high of ₹2568.95 and are currently trading higher.
Indigo Airlines, the largest airline in the country, has implemented a fuel surcharge ranging from Rs 300 to Rs 1,000, determined by the distance traveled. The airline stated that this surcharge would be effective immediately, citing the escalating costs of aviation turbine fuel as the reason. It remains uncertain whether other airlines will adopt a similar approach. This decision coincides with the upcoming festive season, a period known for high travel demand.
At 12:50 AM the shares of Godrej Consumer were up 2.08% or 51.35 or at ₹2524.75
