SpiceJet, InterGlobe Aviation rally up to 12% as govt lifts cap on domestic flights to 80% of pre-Covid levels

Shares of aviation majors including SpiceJet and InterGlobe Aviation rallied up to 12 per cent in Friday’s early trade after the cap on the number of domestic flights that domestic airlines are permitted to operate was increased from 70 per cent to 80 per cent of their pre-Covid levels.

SpiceJet was up 11.86 per cent at Rs 91 at around 9.45 am (IST), while InterGlobe Aviation traded 4.19 per cent higher at Rs 1,713.35. On the other hand, the benchmark BSE Sensex was up 0.52 per cent at 44,863.