Aviation stocks take off on falling crude prices; SpiceJet up 5%
Tuesday, March 14, 2017, 10:03 AM
Shares of aviation companies jumped between 2.6 % and 5 % intraday on Tuesday as investors placed their bets on falling crude prices. Jet Airways gained 2.6 %, while SpiceJet and IndiGo surged 5.05 % and 2.81 % intraday, respectively. Falling prices in crude oil could lead to cheaper aviation fuel for carriers, which boosted investor sentiment.