March 20, 2018 / 5:02 AM / a month ago

BUZZ-Indian aviation stocks rise on strong Feb passenger traffic

** Indian aviation stocks rise after data released by the Directorate General of Civil Aviation (DGCA bit.ly/2u420j2) showed passengers carried by domestic airlines in Feb rose 24.1 pct y/y

** Passenger load factor for Jet Airways (India) Ltd rose to 90.4 pct in Feb from 86.8 pct in Feb last year

** Passenger load factor for Spicejet Ltd rose to 96.3 pct in Feb from 93.7 pct in Feb last year, while InterGlobe Aviation Ltd owned Indigo’s Passenger load factor improved to 91.8 pct vs 87.7 pct y/y

** Shares in Jet Airways rose as much as 2.44 pct to 689.75 rupees, while Spicejet and InterGlobe Aviation gained as much as 2.2 pct and 1.3 pct, respectively

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