Aviation companies under pressure as jet fuel price touches all-time high; brokerages estimate Q4 losses from IndiGo, SpiceJet
Aviation companies’ shares slipped up to 3 per cent on the BSE intraday on Monday, as the Air Turbine Fuel (ATF), also called Jet Fuel, raised for the ninth straight time this year by 3.2 per cent to an all-time high, amid a surge in the global energy prices.
ATF prices have increased every fortnight since the start of 2022: Reuters