Shares of InterGlobe Aviation, parent of IndiGo, and SpiceJet rallied up to 14 per cent in early morning trade on Friday, surging up to 33 per cent in past two days on market share gain in the month of February.
SpiceJet soared 14 per cent to Rs 104.70, zooming 33 per cent from Rs 78.75 on Tuesday, March 19, on the BSE. IndiGo was up 2 per cent at Rs 1,409, gaining 10 per cent in past two trading days.
Low-fare airline IndiGo’s domestic market share in the month of February increased to 43.4 per cent, from 42.5 per cent in January while budget carrier SpiceJet’s market share rose to 13.7 per cent from 13.3 per cent in the previous month.
