Summer vacations are on our heads and airlines are eyeing holiday travellers to give them a big boost in the hot summer months. Families would be out for a good time as schools are set to close and airlines have already started presenting mouth-watering offers in India and abroad. However, the airlines, whether affordable or premium, have been hit by the fuel bomb. There is simply no relief in sight from rising prices of this commodity and it has changed the nature of prospects in coming months from calm to volatile. And not just airlines, even investors in the stocks of these airlines would have been eyeing gains to be milked from this yearly opportunity. But right now, they have been left bleeding badly. Jet Airways, SpiceJet and InterGlobe Aviation share prices today tanked by up to 12 per cent as investors fear that rising fuel prices will inflate the cost of aviation turbine fuel (ATF), putting pressure on airlines' margins even further.
21/05/18 Zee Biz
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21/05/18 Zee Biz
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