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HomeUncategorizedJet Airways, SpiceJet gain on hopes of cut in Jet Fuel prices

Jet Airways, SpiceJet gain on hopes of cut in Jet Fuel prices

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Jet Airways Ltd was up 4.7 per cent and SpiceJet Ltd gained 0.9 per cent on Thursday.

Traders said state-run oil marketing companies could slash jet fuel prices next month amid declining crude oil prices.

Oil prices fell to four-year lows as OPEC production cut looks unlikely.

Fuel charges contribute to nearly one-third of an airline’s operational expenses, analysts said.

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