Aviation companies have been under pressure in calendar year 2018 with all the three listed companies - Jet Airways, SpiceJet and InterGlobe Aviation slipping 74 per cent, 52 per cent and 32 per cent, respectively on a year-to-date (YTD) basis. In comparison, the S&P BSE Sensex has lost nearly 1 per cent during the window.
The sharp fall in aviation stocks fall comes on the back of higher fuel costs (ATF) led by a rise in crude prices globally, weak rupee and intensifying competition that forced the players to slash prices to maintain occupancy levels.
On Wednesday, InterGlobe Aviation, which