Aviation stocks climb on strong February data
NEW DELHI: Shares of airline operators climbed up to 2 per cent in Tuesday’s trade after DGCA data showed the aviation industry recorded more than 24 per cent jump in passenger traffic in February on a year-on-year basis.
Indian carriers flew 10.7 million passengers in the past month, up from 8.6 million in February 2017, the aviation regulator said on Monday.
SpiceJet maintained its pole position in terms of load factor at 96.3 per cent, followed by IndiGo at 91.8 per cent despite problems with its Airbus 320neo aircraft. For Jet Airways, PLA came in at 90.40 per cent.
Shares of SpiceJet rose 2.17 per cent to Rs 138.80 on BSE. InterGlobe Aviation added 1.32 per cent to Rs 1,230.65. Jet Airways advanced 2.20 per cent to Rs 689.
While Jet Airways operated 62.2 per cent of its flights on time, SpiceJet topped the list operating 78 per cent of its services on time. In terms of leadership, IndiGo remained the market leader, flying 39.9 per cent of the industry passenger traffic. Jet Airways came in next with 16.8 per cent Travel industry insiders said the growth trend in the aviation space was set to continue in the coming months too, ET reported.
Indian carriers flew 10.7 million passengers in the past month, up from 8.6 million in February 2017, the aviation regulator said on Monday.
SpiceJet maintained its pole position in terms of load factor at 96.3 per cent, followed by IndiGo at 91.8 per cent despite problems with its Airbus 320neo aircraft. For Jet Airways, PLA came in at 90.40 per cent.
Shares of SpiceJet rose 2.17 per cent to Rs 138.80 on BSE. InterGlobe Aviation added 1.32 per cent to Rs 1,230.65. Jet Airways advanced 2.20 per cent to Rs 689.
While Jet Airways operated 62.2 per cent of its flights on time, SpiceJet topped the list operating 78 per cent of its services on time. In terms of leadership, IndiGo remained the market leader, flying 39.9 per cent of the industry passenger traffic. Jet Airways came in next with 16.8 per cent Travel industry insiders said the growth trend in the aviation space was set to continue in the coming months too, ET reported.