Budget carrier SpiceJet on Friday reported a consolidated net loss of Rs 234 crore in the quarter ended June 30, 2025, versus a net profit of Rs 158 crore posted in the year-ago period. The revenue from operations fell 36% on a year-on-year basis to Rs 1,060 crore compared to Rs 1,646 crore in the … Read more
Indian aviation stocks declined sharply on Friday, June 13, amid twin shocks of a fatal Air India crash and a spike in global crude oil prices driven by escalating Middle East tensions. Shares of InterGlobe Aviation (IndiGo) dropped nearly 6% to Rs 5,175, while SpiceJet fell 5.5% to Rs 42.16 on the BSE. Air India … Read more
Shares of state-run oil producers ONGC and Oil India rallied up to 5% on Thursday, tracking a sharp uptick in global crude prices, even as downstream oil marketing companies, tyre makers, and aviation stocks fell amid concerns over higher input costs. Oil and Natural Gas Corporation (ONGC) shares rose 3.2% to Rs 255.15 on the … Read more
InterGlobe Aviation, India’s largest airline operator, has been experiencing volatility in its stock prices over the past few months despite better business fundamentals and an advantage in the sector due to a revival in passenger traffic. The decision of one of its promoters, Rakesh Gangwal, to reduce stakes in the airline in the next five … Read more
Analysts expect higher earnings growth for hotel companies than airlines in 2022-23. Synopsis According to the latest earnings estimates of Bloomberg’s pool of analysts, earnings per share (EPS) of hospitality sector leader Indian Hotels Company Limited (IHCL) are estimated to grow 21% in 2022-23. ET Intelligence Group: In the leisure segment, a clear trend has … Read more