Airline shares face turbulence; Jet, IndiGo stocks tumble up to 20% in 3 days
New Delhi, May 6 (DIN NEWS) Stocks of airlines have hit some air pockets, slumping up to 20 per cent in just three trading sessions this month amid rising fuel costs and weak quarterly earnings of InterGlobe Aviation impacting investor sentiment. Among the three-listed airlines, Jet Airways and SpiceJet are yet to announce their fourth quarter and full year results for 2017-18. On May 2, InterGlobe, which operates the country’s leading carrier IndiGo, reported 73 per cent decline in profit after tax (PAT) to Rs 117.64 crore for the March…
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