SpiceJet shares rally due to IndiGo's operational issues, impacting the aviation market.
Summary
SpiceJet shares have increased over three days due to operational issues at IndiGo, India's largest airline. This situation has allowed SpiceJet to operate additional flights. The news highlights the competitive dynamics within the Indian aviation sector and its impact on stock performance.
Key Points
- SpiceJet shares rose over a 3-day period.
- IndiGo, India's largest airline, faced operational disruptions.
- SpiceJet is operating additional flights.
- InterGlobe Aviation, IndiGo's parent company, saw its stock decline.
Full Article
SpiceJet shares surged on Tuesday, extending a 3-day winning streak. This rise follows significant disruptions at rival IndiGo, India's largest airline. IndiGo's operational issues have created an opportunity for SpiceJet. The airline is now operating additional flights to assist stranded passengers. IndiGo's parent company, InterGlobe Aviation, saw its stock slide further due to the ongoing crisis.