Tuesday, January 12, 2016

Airline stocks Rise as Crude falls further

2:16 PM


http://www.researchvia.com/free-trials/
 
As global crude prices plunge further, Jet Airways rose as much as 4.6 per cent, InterGlobe Aviation 3.46 per cent, Spicejet 3.29 per cent.
 
Jet Airways is the top gainer in BSE 'A' group stocks.
 
As crude oil falls below $31/barrel, down about 3 per cent, prices are expected to boost companies' margins.
 
Jet fuel is the biggest cost for low-budget carriers, which accounts for about 40 per cent of costs.

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