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.
Private carrier Jet Airways will take back all six wide-body Boeing aircraft leased out to its investment partner Etihad Airways in the next six months and deploy them on some of its core routes including to the Gulf.
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.
State Bank of India share price closed 9.15 per cent up at Rs 201 on NSE after it reported 66 per cent fall in net profit figures for the quarter ended March 2016 which was in line with market expectations.
Jet Airways will offer 50 per cent more seats to the fliers on the Mumbai-Singapore route from next month by deploying a higher seating-capacity aircraft amid the rapidly growing demand on the sector, which has seen a 34 per
Private carrier Jet Airways rolled out an all-new co-branded travel credit card for its customers in Bangladesh in association with the Dhaka-headquartered Eastern Bank Limited and global payments technology company Visa.
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.