Aviation stocks rally: IndiGo surges 9%, Dreamfolks spikes 13% on ATF hike clarification
Aviation stocks soared on April 1, with InterGlobe Aviation, Spicejet, GMR Airports, Global Vectra Helicorp, and Dreamfolks Services all reporting significant gains. This was due to a clarification by oil marketing companies that the recent spike in aviation turbine fuel prices mainly applies to chartered flights, not commercial airlines.