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Jet Airways, SpiceJet gain on hopes of cut in jet fuel prices

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Reuters

Reuters Market Eye - Jet Airways Ltd is up 4.7 pct and SpiceJet Ltd gains 0.9 pct.

Traders say state-run oil marketing companies could slash jet fuel prices next month amid declining crude oil prices.

Oil prices fall to four-year lows as OPEC production cut looks unlikely.

Fuel charges contribute to nearly one-third of an airline's operational expenses, analysts say.

(Reporting by Abhishek Vishnoi)

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First Published: Nov 27 2014 | 3:19 PM IST

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