 "SpiceJet offers one-lakh seats for sale; Stock up 2%")
Shares of low-cost airline, SpiceJet are trading higher by nearly 2% at Rs 27.60 after the company decided to offer 1 lakh seats on sale with fares starting as low as Rs 799 for travel from August 25 to March 26 next year. CLICK FOR FULL STORY
The three-day sale is due to end on August 22 and would cover destinations including Delhi, Mumbai, Goa, Bengaluru and Srinagar.
The Indian aviation sector has been witnessing an uptick after a slump in oil prices, which account for almost 40% of the airlines' operating cost in India. A sharp drop in ATF price has helped the airlines to give tickets on discount throughout the season.
Recently, SpiceJet announced new flights from October as part of its winter schedule which will come into effect from last Sunday of October.
The stock opened at Rs 27.40 and touched a high of Rs 27.90 on the BSE. A total of 2,054,061 shares changed hands on the BSE so far.