{"id":276160,"date":"2019-05-27T06:55:06","date_gmt":"2019-05-27T06:55:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=276160"},"modified":"2019-05-27T06:55:06","modified_gmt":"2019-05-27T06:55:06","slug":"ahead-of-march-quarter-results-indigo-and%e2%80%8aspicejet-are-flying-high","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ahead-of-march-quarter-results-indigo-and%e2%80%8aspicejet-are-flying-high\/","title":{"rendered":"Ahead of March quarter results, IndiGo and\u200aSpiceJet are flying high"},"content":{"rendered":"<p>Shares of SpiceJet Ltd and InterGlobe Aviation Ltd soared on Friday, gaining about 10% and 5%, respectively. Alongside, shares of Jet Airways (India) Ltd fell by about 5% on reports that the Hinduja Group has failed to strike a deal with Etihad Airways to buy the Indian airline.<\/p>\n<p>Jet Airways\u2019 loss is its competitors\u2019 gain, and this theme has been playing out every now and then on the Street.<\/p>\n<p>But there were other factors as well that improved investor sentiment for aviation stocks. Brent crude prices had declined by 4.5% on Thursday.<\/p>\n<p>What\u2019s more, InterGlobe Aviation, which runs IndiGo, reported a sharp increase in market share in April. The airline\u2019s share rose 300 basis points month-on-month to 49.9%. A basis point is one-hundredth of a percentage point.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of SpiceJet Ltd and InterGlobe Aviation Ltd soared on Friday, gaining about 10% and 5%, respectively. Alongside, shares of Jet Airways (India) Ltd fell by about 5% on reports that the Hinduja Group has failed to strike a deal with Etihad Airways to buy the Indian airline. Jet Airways\u2019 loss is its competitors\u2019 gain, and this theme has been playing out every now and then on the Street. But there were other factors as well that improved investor sentiment for aviation stocks. Brent crude prices had declined by 4.5% on Thursday. What\u2019s more, InterGlobe Aviation, which runs IndiGo, reported [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-276160","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=276160"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276160\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}