Domestic airlines are all offering mega discounts as a part of their monsoon sales. The base fares on offer are as low as Rs 11-12 on selected destinations and periods.
In an interview to CNBC-TV18, Mayur Milak, Senior Research Analyst at IndiaNivesh Securities spoke about the impact of goods and services tax (GST) on airline sector.
Competition in the airline sector is expected to move from the domestic airspace into international skies. SpiceJet has already sounded the bugle by announcing that it plans a direct Delhi-London flight at a total fare of Rs 30,000which can go down to Rs 20,000.
We think that there is no reason why regional flights will not do well. We expect those flights to be profitable from day one, said Ajay Singh of SpiceJet.
As airlines are offering discounts and fares going as low as Rs 899, this lean season after the holiday period could spill good news for both travellers and the airline business.
The discount rates will be valid only for individual bookings for travel on direct flights in domestic and international network.
The Centre for Asia Pacific (CAPA), the Sydney-based aviation think-tank, in its report titled "Global Fleet and Financing Review 2017," also said that the airline is likely to opt for Boeing 777X for long haul operations.
Vijay Chopra of enochventures.com recommends buying Punjab National Bank with a stoploss at Rs 165 and target of Rs 175 and SpiceJet with a stoploss at Rs 108 and target of Rs 116.
The airline's statement comes amid media reports saying that a consumer forum in Sambhal, Uttar Pradesh, has issued a bailable warrant against the carrier's managing director for ignoring a two-year-old order to reimburse ticket cost to a passenger.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- India Cements, Yes Bank, Nucleus Software, Jay Bharat Maruti, Sun TV, Shalimar Paints, Jet Airways, SpiceJet, and Interglobe Aviation.
Aviation stocks like Jet Airways, Interglobe Aviation and SpiceJet will get astrological support, says Satish Gupta of astrostocktips.
Of over 300 companies, more than 160 companies saw a surge in FIIs holding in January-March quarter of the previous financial year.
Net Sales are expected to increase by 2.2 percent Q-o-Q (up 13.8 percent Y-o-Y) to Rs 1677.8 crore, according to ICICI Securities. Spicejet to report net profit at 72.1 crore down 60.2% quarter-on-quarter.
The meeting, which lasted for 10 minutes at Shiv Sena's central office at Dadar here, came after Air India, and other airlines, lifted the flying ban on Gaikwad after he expressed regret for assaulting an AI employee on March 23.
The airline spent around Rs 2,316 crore in FY17 on salaries of 15,000 employees, out of which 2,000 are pilots that account for nearly half of the wage bill. In addition, employee cost was up by 26 percent on a year-on-year basis for the period.
The experts generally keep a positive on the stock, but remain slightly cautious since it has rallied 38 percent in March alone.
Going by what analysts say, the Udan scheme poses a plethora of challenges for airlines that have won bids in the country's ambitious regional connectivity scheme.
The government’s scheme to connect the under-served and unserved areas via flights is set to take off with five airlines including the listed SpiceJet Ltd today getting the mandate to fly on these routes with government support.
Aviation Minister Ashok Gajapathi Raju, addressing the media, said the scheme will be active in the next 4-6 months.
Over 45 unserved and under-served airports would be connected under the scheme -- UDAN (Ude Desh ka Aam Naagrik) that seeks to make flying more affordable.
In an interview to CNBC-TV18’s Latha Venkatesh, Anuj Singhal, and Sonia Shenoy, Mayuresh Joshi of Angel Broking shared his readings and outlook on market and specific stocks.
Airlines today held detailed discussions with Civil Aviation Ministers and senior ministry officials about the regional connectivity scheme and issues pertaining to terminals for carriers at the Delhi airport.
Despite tremendous gains in SpiceJet, Jet Airways, which saw 11 and 4.5 percent rise respectively in a single day, analysts see further uptrend for aviation stocks.