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Airlines gain after IOC cuts jet fuel price
October 1, 2014 / 4:43 AM / 3 years ago

Airlines gain after IOC cuts jet fuel price

An aircraft files near the setting sun in New Delhi November 30, 2013. REUTERS/Adnan Abidi/Files

Jet Airways (India)(JET.NS) gains 3.3 percent, SpiceJet (SPJT.BO) up 3.9 percent.

Indian Oil Corp (IOC.NS) cuts jet fuel price by an average of nearly 3 percent across cities in India. (bit.ly/1yyCDkO)

Jet fuel traditionally marks nearly a third of an airline’s operational cost.

Reporting by Abhishek Vishnoi

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