Shares of low-cost carrier SpiceJet Ltd surged as much as 14.2 per cent to highest since July 30. Domestic airlines’ passenger traffic rose 5.62 per cent in February from January, data the Directorate General of Civil Aviation showed.
The shares of SpiceJet closed higher by 7.04 per cent at Rs 98.10.
Passenger load factor for SpiceJet rose to 94 per cent in February from 90.9 per cent in January, while InterGlobe Aviation Ltd-owned IndiGo’s load factor rose 88.4 per cent vs 86.4 per cent in January. Load factor for cash-strapped Jet Airways Ltd rose to 89.4 per cent from 86.1 per cent.
