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Aviation stocks soar as domestic flights to resume operations

India city Mumbai virus covid-19 Government travelers
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MUMBAI: Shares of two listed aviation companies InterGlobe Aviation and SpiceJet on Thursday rallied 5% and 13% respectively after the government announced that domestic airline operations would resume from 25 May.

Shares of InterGlobe Aviation Ltd, which runs IndiGo, were at ₹1,029 and Spicejet Ltd rose to ₹42.95 on the BSE, while the benchmark index, Sensex gained 0.77% to 31057.09 points.

In some respite to the beleaguered sector, the civil aviation ministry has said domestic flight will resume operations from 25 May in a calibrated manner.

The ministry also stated that the government has intimated all airports and airline companies to gear up to start operations from the scheduled date and the standard operating procedures for

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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