The prices of jet fuel were increased once again by over 3% to Rs 93,530.66 per kl on Tuesday. To be precise it is the fifth time that prices have been hiked this year. Although this has been on expected lines, considering the impending oil scarcity from the war between Russia and Ukraine, airlines in India are in a quandary. Rising aviation turbine fuel prices (ATF) further dim the prospects of the airline sector and will chomp on airlines revenues, analysts say. Shares of InterGlobe Aviation Ltd, the company that runs Indigo airlines, are down 3% from Tuesday’s close and nearly 8% down YTD. For Spicejet Ltd, stock fell 2% from yesterday’s close in intraday trading and fell over 12.5% YTD.
