{"id":282834,"date":"2019-07-17T07:08:28","date_gmt":"2019-07-17T07:08:28","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282834"},"modified":"2019-07-17T07:08:28","modified_gmt":"2019-07-17T07:08:28","slug":"what-led-to-surge-in-indigo-spicejet-stocks-heres-the-key-reason","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/what-led-to-surge-in-indigo-spicejet-stocks-heres-the-key-reason\/","title":{"rendered":"What led to surge in IndiGo, SpiceJet stocks; here\u2019s the key reason"},"content":{"rendered":"<p>Shares of Interglobe Aviation and SpiceJet ended higher on Tuesday after both companies registered stellar growth in passenger traffic in May amid holiday peak season and Jet Airways fiasco. The overall passenger growth in the aviation sector stood at 12 million in May, up  2.8 per cent year-on-year, according to a report by Prabhudas Lilladher. Shares of both the companies- Interglobe Aviation, an operating company of IndiGo and SpiceJet surged more than 5 per cent to finally end at Rs 1445.90 per share and Rs 131.75 per share respectively on Tuesday. <\/p>\n<p>\u201cAided by ~25 aircraft inductions over April-May, SpiceJet reported domestic Pax\/ASK growth of 24%\/32% YoY while its market share improved ~170bps MoM to a 5-year high of 14.8%. IndiGo inducted ~15 aircraft over April-May which enabled domestic Pax\/ASK growth of 23%\/26% YoY while enjoying a market share of 49.2%,\u201d said Prabhudas Lilladher. <\/p>\n<p>The brokerage house expects IndiGo and SpiceJet to sustain margin expansion and improved profitability in view of the current environment of high yield, strong PLFs (passenger load factor) ensuing from Jet\u2019s downfall and favourable air turbine fuel or ATF prices. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Interglobe Aviation and SpiceJet ended higher on Tuesday after both companies registered stellar growth in passenger traffic in May amid holiday peak season and Jet Airways fiasco. The overall passenger growth in the aviation sector stood at 12 million in May, up 2.8 per cent year-on-year, according to a report by Prabhudas Lilladher. Shares of both the companies- Interglobe Aviation, an operating company of IndiGo and SpiceJet surged more than 5 per cent to finally end at Rs 1445.90 per share and Rs 131.75 per share respectively on Tuesday. \u201cAided by ~25 aircraft inductions over April-May, SpiceJet reported [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-282834","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282834","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=282834"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282834\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}