With the March quarter results season on, Indian airlines—InterGlobe Aviation Ltd, Jet Airways (India) Ltd and SpiceJet Ltd—should see the adverse effects of higher crude oil prices on their numbers. ICICI Securities Ltd says that, during the March quarter, average aviation turbine fuel prices increased 12% year-on-year. Therefore, a combination of a strong rupee, modest fares and better load factors are likely to soften the blow from higher crude prices for airlines in the March quarter. Despite rising crude prices, shares of IndiGo have fared much better so far in 2018. Even so, firm crude prices are a reality.

Source: Mint April 23, 2018 04:30 UTC