Airline Stocks

Last month, SpiceJet announced the resolution of a $23.39 million dispute with Aircastle (Ireland) designated activity company and Wilmington Trust SP Services (Dublin) Limited

t was the first time that domestic air passenger traffic crossed the 5,00,000 mark in a single day.

The airline has already signed agreements for the leased aircraft, with the full induction of all the seven planes expected by November 15.

However, in the past six months, the SpiceJet stock has underperformed the market by falling nearly 10 per cent, as compared to 13 per cent rally in the BSE Sensex.

TMS Ep591: Telecom Bill 2023, end of WFH, airline stocks, Covid-19 JN.1

Telecom Bill 2023: Is allocation better than auction? Was 2023 the year work from home ended? Will IndiGo and SpiceJet stocks face turbulence? What is JN.1, the latest Covid-19 variant? Answers here

They, however, suggest staying mindful of supply chain issues, and P&W engine snags

Headwinds for the airlines and QSR sectors, analysts believe, could outweigh the positives in the form of a demand uptick

The stock has rallied 27% in two days after the board allotted equity shares and warrants to the promoter group company, and allotted equity shares to aircraft lessors on preferential basis.

At 09:15 am; around 18.19 million equity shares representing 4.71 per cent of total equity of IndiGo have changed hands on the BSE, the exchange data shows.

The carrier had earlier this month placed an order for 500 A320 family aircraft, which will be delivered between 2030 and 2035. It is the world's largest single-tranche aircraft order

IndiGo's market cap hit Rs 97,921 crore in intra-day trade on Tuesday and was less than 2 per cent from hitting the milestone.

Stocks to watch on June 13, 2023: Shares of airline company are likely to be in focus on Tuesday after the DGCA eased norms to launch new overseas destinations.

Stocks to watch on May 05, 2023: Adani Power, Bharat Forge, Blue Dart, Britannia, Equitas SFB, Federal Bank, Marico and Paytm on investors radar ahead of Q4 earnigns today.

Shares of InterGlobe Aviation, which runs the country's largest airline IndiGo, hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE.

Stocks to Watch: Shares of aviation firms, such as IndiGo, SpiceJet, Jet Airways, are likely to be in focus on May 03 after Go First filed for insolvency proceeding on Tuesday.

The company's board approved transfer of cargo business in lieu of issuance of securities including Compulsorily Convertible Debentures (CCDs) aggregate to Rs 2,555.77 crore.

Rakesh Gangwal was set to pare his stake in IndiGo by a further 4 per cent via block deals on Thursday. The block deal was said to be for 1.56 crore shares worth Rs 2,930 crore

Stocks to Watch Today: SoftBank Group is likley to sell a 5 per cent stake in PB Fintech via block deal at a base price of Rs 440 per share on Friday.

With a single airline brand, Tatas aim for quick business turnaround

When it was a run by the government, the airline was usually at the bottom of DGCA's list for on-time performance