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Airline stocks rise on positive July aviation data

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Airlines

Mumbai: Shares of Interglobe Aviation, Jet Airways and Spicejet rose between 2 per cent and 3.1 per cent on Monday on positive July aviation data. Domestic airlines saw a 23 per cent increase in passengers in July compared with the same period last year, said Directorate General of Civil Aviation.

Jet Airways saw a 4 per cent increase in passenger load factor for July whie Indigo's rose by almost 6 per cent. Shares of Spicejet have dropped 22 per cent this year as of Friday's close.

At 01:33 pm, shares of Interglobe Aviation were trading at Rs 896 apiece, up 1.79 per cent, while those of Spicejet and Jet Airways were at Rs 59.60, up 1.53 per cent and Rs 551, up 2.47 per cent, respectively.

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