{"id":352642,"date":"2020-05-22T12:22:29","date_gmt":"2020-05-22T06:52:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352642"},"modified":"2020-05-22T12:22:29","modified_gmt":"2020-05-22T06:52:29","slug":"airline-stocks-soar-as-flights-open-but-all-is-dependent-on-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airline-stocks-soar-as-flights-open-but-all-is-dependent-on-demand\/","title":{"rendered":"Airline stocks soar as flights open, but all is dependent on demand"},"content":{"rendered":"<p>NEW DELHI: The markets on Thursday reacted enthusiastically to the resumption of passenger flight services after a two-month hiatus. Shares of IndiGo jumped 9.9 per cent on the BSE, making it the best-performing stock; SpiceJet shares to locked in the upper circuit of 5 per cent at Rs 42.95, compared to its previous close of Rs 40.95. Shares of InterGlobe Aviation closed 7.28 per cent higher at Rs 978.25.<\/p>\n<p>The rise in stock prices is a big relief to the two listed airlines, who have seen a plunge of more than 50 per cent from their 52-week highs in the last one year, owing to numerous challenges. All commercial passenger flights in India were suspended late March when the government imposed a nationwide lockdown to contain Covid-19 pandemic. Since then, every airline barring IndiGo has struggled to meet the fixed costs and even pay salaries.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The markets on Thursday reacted enthusiastically to the resumption of passenger flight services after a two-month hiatus. Shares of IndiGo jumped 9.9 per cent on the BSE, making it the best-performing stock; SpiceJet shares to locked in the upper circuit of 5 per cent at Rs 42.95, compared to its previous close of Rs 40.95. Shares of InterGlobe Aviation closed 7.28 per cent higher at Rs 978.25. The rise in stock prices is a big relief to the two listed airlines, who have seen a plunge of more than 50 per cent from their 52-week highs in the [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[208,130,143],"tags":[],"class_list":["post-352642","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352642","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=352642"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352642\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}