Aviation stocks slip 5% as rising fuel prices hit margins
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Shares of InterGlobe Aviation (IndiGo) and SpiceJet witnessed a steep fall on Tuesday.
The decline comes in the wake of a sharp rise in crude oil prices, which has put pressure on aviation turbine fuel (ATF) costs and airline profitability.
IndiGo's stock fell over 2% to ₹4,465 while SpiceJet shares dropped by nearly 5% to ₹14 at the time of market closure.
The decline comes in the wake of a sharp rise in crude oil prices, which has put pressure on aviation turbine fuel (ATF) costs and airline profitability.
IndiGo's stock fell over 2% to ₹4,465 while SpiceJet shares dropped by nearly 5% to ₹14 at the time of market closure.
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