September 24, 2018 / 9:09 AM / 2 months ago

BUZZ-Indian airline stocks fall as crude jumps, domestic passenger growth slows

** Shares of Indian carriers SpiceJet Ltd, Jet Airways (India) Ltd and InterGlobe Aviation Ltd , which owns IndiGo, fall as much as 4.2 pct-7.9 pct

** Brent crude rises over 2 pct as U.S. sanctions restrict Iranian crude exports, tightening global supply

** Domestic passenger growth in August lowest since May at 17.2 pct, according to data bit.ly/2xMjTBH released by the Directorate General of Civil Aviation

** Jet hits its lowest in nearly four years, while SpiceJet falls to its weakest since March 2017

** Jet had shed 72.4 pct this year as of Friday’s close amid financial woes

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