SpiceJet: Not a smooth flight
Competition due to high capacity will keep fares subdued. The stock is pricey too
After losing ground in calendar 2016, the stock of low-cost carrier SpiceJet has come back roaring in 2017, more than doubling over the past six months. A few factors have aided this rally. First, a dip in oil prices and strength in the rupee over the past four to five months that could reduce the fuel costs of airlines. Next, reports suggest that yields (average fares) that had been under pressur...
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