Civil Aviation Ministry has capped the airfares on a major route with an intension to allow air services to resume without any massive drop or rise in prices.
The airlines' stocks gained further on May 22 as Jet Airways, SpiceJet, and InterGlobe Aviation rose 3-5 percent in the early trade post Civil aviation Ministry allowed resumption of domestic flights beginning May 25.
The flights' operations resume on May 25 with one-third the schedule, wit most airports expected to be open for service.
However, the Civil Aviation Ministry has capped the airfares on major routes with an intension to allow air services to resume without any massive drop or rise in price.
InterGlobe Aviation will be resuming domestic flight operation in a phased manner, in accordance with the directions issued by the Government of India through the Ministry of Civil Aviation and the Directorate General of Civil Aviation, from time to time, company said in the press release.
At 9.23 hrs SpiceJet was quoting at Rs 45.05, up Rs 2.10, or 4.89% and Jet Airways were quoting at Rs 21.30, up Rs 1.00, or 4.93% on the BSE.
InterGlobe was quoting at Rs 1014.80, up Rs 36.55, or 3.74% on the BSE.
The flights' operations resume on May 25 with one-third the schedule, wit most airports expected to be open for service.
However, the Civil Aviation Ministry has capped the airfares on major routes with an intension to allow air services to resume without any massive drop or rise in price.
InterGlobe Aviation will be resuming domestic flight operation in a phased manner, in accordance with the directions issued by the Government of India through the Ministry of Civil Aviation and the Directorate General of Civil Aviation, from time to time, company said in the press release.
At 9.23 hrs SpiceJet was quoting at Rs 45.05, up Rs 2.10, or 4.89% and Jet Airways were quoting at Rs 21.30, up Rs 1.00, or 4.93% on the BSE.
InterGlobe was quoting at Rs 1014.80, up Rs 36.55, or 3.74% on the BSE.
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