SpiceJet says flight operations remain normal; shares gain over 3%

Budget carrier SpiceJet on Friday said its flight operations continued to be normal and its shares bounced back, gaining nearly 4 per cent.

The scrip rose 3.65 per cent to end the day at Rs 38.30 apiece on BSE and during intra-day trade, it jumped 4.73 per cent to Rs 38.70.

SpiceJet shares had settled over 3 per cent lower on Thursday after the company was asked by aviation regulator DGCA to curtail its services by half for eight weeks. In intra-day trade on Thursday, it had tanked 9.66 per cent to its 52-week low of Rs 34.60.

On Friday, the airline said its flight operations continued to be normal and that all flights departed on time as per schedule.