Aviation stocks, stocks of airlines suddenly rise.. What is the reason? – Indigo spicejet aviation stocks went up as government announced removal of airfare caps

by time news
Airline stocks saw strong demand during stock trading today. The main reason for this is that the central government has removed the ceiling on air ticket fares.

Air ticket fares were capped in May 2020 after the start of the Corona crisis. In this case, the central government announced yesterday that after 27 months, the ceiling on air ticket fees will be removed from August 31.

As a result, the shares of airline companies rose sharply today. The share price of Interglobe Aviation (Interglobe Aviation) for IndiGo flights started at Rs 2070 and went up to Rs 2080.80. This is an increase of 2.09%.

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Similarly, the share price of SpiceJet started at Rs 46.05 and went up to Rs 47.90. This is an increase of 6.80%.

Not only has the ceiling on air ticket fares been removed, but aviation fuel (ATF) prices have been coming down for the past few weeks. Due to this, the share price of airlines is said to have risen today.

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