IndiGo and SpiceJet face turbulence amid rising crude and competition: analysts
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Analysts expect some consolidation in the industry going forward, with the impact of increased competition over two to three years
Topics
airline stocks | IndiGo Airlines | SpiceJet
Airline stocks – InterGlobe Aviation and SpiceJet – have seen hard landings on the stock exchanges so far this calendar year. Shares of IndiGo airlines have fallen 9% year-to-date (YTD), while those of SpiceJet have fallen 30.2%.
By comparison, the benchmark S&P BSE Sensex has fallen 4.6% year-to-date, and the BSE MidCap and SmallCap indices have fallen 7.3% and 10.5%, respectively. However, with crude oil prices soaring and new players – Akasa Air and Jet Airways – planning to return to the skies, analysts predict turmoil ahead for…
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First published: Wednesday 01 June 2022. 12:07 IST