Jet Airways, Spice soar 5-8% on lower aviation fuel price

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Shares of aviation stocks continued to rally after a good run-up last week.  Both SpiceJet and Jet Airways were up 5-8.5 percent intraday on Monday. What is keeping shareholders happy is lower aviation turbine fuel price (ATF). Fuel price is slashed by a massive 9.5 percent, or Rs 4,860, to Rs 46,407/kiloLitre.

With the latest price cut, jet fuel prices have fallen about 40 percent from a peak of around Rs 80,000 last year

Low aircraft fuel expenses aided SpiceJet in posting a stellar April-June quarter. Its aircraft fuel expenses slipped 53.6 percent at Rs 359 crore in Q1 against Rs 773 crore year-on-year. EBITDA, during the quarter, was at Rs 100 crore against loss of Rs 72 crore (Y-o-Y).

Collapse in crude price has helped airline companies as there has been a 21 percent fall in US crude prices from about USD 61 a barrel in mid-June.

At 09:29 hrs SpiceJet was quoting at Rs 28.20, up Rs 0.95, or 3.49 percent while Jet Airways was quoting at Rs 427.35, up Rs 27.05, or 6.76 percent.

Posted by Nasrin SultanaFollow @NasrinzStory