Aviation companies such as InterGlobe Aviation, SpiceJet and Jet Airways performed relatively better on a year-on-year basis in terms of topline and bottomline growth for the first quarter ended June 30, 2016.
The benchmark BSE Sensex plunged over 4 per cent in the past one year till May 26, 2016, while shares of Jet Airways and SpiceJet soared 65 per cent and 248 per cent, respectively, during the same period.
Let market competition and the business mechanics of the airline companies decide the air fares freely, any government intervention here will adversely impact the civil aviation sector like the Indian Railways.
Gurgaon- based domestic low-cost airline IndiGo Airlines maintained its leadership position in the domestic aviation sector by carrying 85.03 lakh passengers in the January-March period for the calendar year 2016.
With the aviation sector continuing to see a spurt in traffic, many domestic airlines posted good growth as they ferried 78.72 lakh passengers in March with no-frills carrier IndiGo carrying most passengers during the same pe