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    HomeNewsBusinessStocksAirline shares fall on fuel price hike reports

    Airline shares fall on fuel price hike reports

    Airline stocks drop on media reports state-owned oil companies have raised aviation turbine fuel prices by about 1.7% on account of higher crude prices.

    July 21, 2012 / 14:58 IST

    Airline stocks drop on media reports state-owned oil companies have raised aviation turbine fuel prices by about 1.7% on account of higher crude prices.

    Jet Airwaysfalls 2%, Kingfisher Airlinesand SpiceJetdecline 1% each.

    Rising oil prices comes as bad news for airlines, which have been struggling under mounting debt and a weaker rupee that makes oil imports more expensive.

    first published: Jul 17, 2012 02:46 pm

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