Airlines stocks surge after aviation ministry increases flight capacity

New Delhi: Airlines and aviation related stocks surged up to 5 per cent on Tuesday, after the Ministry of Civil Aviation raised the cap of flight capacity allowance to 65 per cent from 50 per cent, earlier.

According to airline operators, the air traffic has also increased after the unlock announcement by various states. However, the rising fuel prices, expensive tickets and looming fears of a third wave are likely to make sentiments jittery.