Monday, March 7, 2011

Airlines stocks lose altitude as crude oil spikes

Spicejet Airlines, Kingfisher Airlines and Jet Airways are down on worries that surging crude oil prices will hit their operating as well as financial performance.

Shares of Spicejet is currently trading at Rs37, down Rs2 or 5%.The stock has hit a high of Rs. 38 and a low of Rs. 37.

Kingfisher shares is currently trading at Rs. 38, down Rs1.40 or 3%. The stock has hit a high of Rs. 39 and a low of Rs. 37.

Shares of Jet Airways is currently trading at Rs. 424, down Rs17.75 or 4%. The stock has hit a high of Rs. 432 and a low of Rs. 421.
Source: indiainfoline

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