Airline shares rose on June 25 as crude oil prices hit new lows, with SpiceJet up 5.5% and InterGlobe Aviation gaining 4.7%. The decline in oil prices, driven by eased supply concerns, improves profit margins for airlines, with forecasts suggesting oil could stabilize around $67 per barrel.
Airline shares rose on June 25 as crude oil prices hit new lows, with SpiceJet up 5.5% and InterGlobe Aviation gaining 4.7%. The decline in oil prices, driven by eased supply concerns, improves profit margins for airlines, with forecasts suggesting oil could stabilize around $67 per barrel.
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