Aviation stocks take-off on cut in ATF prices

BSE 23 May 12 | 12:00 AM

321.95		12.65 (4.09%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: 532617

Face Value: N.A.

NSE 23 May 12 | 12:00 AM

322.20		12.75 (4.12%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: JETAIRWAYS

Performance
1 Week	:	Rs	287.00	(12.18%)
1 Month	:	Rs	345.10	(-6.71%)
1 Year	:	Rs	446.60	(-27.91%)

Aviation stocks take-off on cut in ATF prices

SI Reporter / Mumbai 01 Feb 12 | 12:24 PM

Be the first to comment

Shares of all three-listed aviation companies – Jet Airways, Kingfisher Airlines and SpiceJet have rallied more than 5% each after state-owned oil companies slashed jet fuel prices by over 3% as an appreciating rupee made imports cheaper.

Jet fuel constitutes about 40% of an airlines' operating cost and the reduction in prices will slightly ease the burden on cash-strapped airlines.

The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was cut by Rs 1,974 per kilolitre (kl), or 3.02%, to Rs 62,908 per kl with effect from Tuesday’s midnight, the PTI report suggests quoting an official of the nation's largest fuel retailer Indian Oil Corporation.