Airline shares rose on June 25 as crude oil prices hit new lows, with SpiceJet up 5.5% and InterGlobe Aviation gaining 4.7%. The decline in oil prices, driven by eased supply concerns, improves profit margins for airlines, with forecasts suggesting oil could stabilize around $67 per barrel.
Aviation stocks, including SpiceJet (up 5.5%) and InterGlobe Aviation (up 4.7%), surged on June 25. This rally was driven by a significant drop in crude oil prices, which fell below pre-US-Iran war levels. Lower oil prices are expected to enhance airline profit margins, with…
Market Samachar is a news aggregator. This article was originally published by mint - markets. Tap the button above to read the full story on their site.