Aviation stocks fall despite domestic air passenger traffic grows by 2.96% in May

19 Jun 2019

Aviation stocks were trading lower despite Domestic air passenger traffic saw a rebound in May as it increased by 2.96 percent after a slump in April, according to the data released by aviation regulator DGCA.

Spicejet is currently trading at Rs. 133.50, down by 3.45 points or 2.52% from its previous closing of Rs. 136.95 on the BSE. The scrip opened at Rs. 139.00 and has touched a high and low of Rs. 139.20 and Rs. 133.25 respectively. So far 483496 shares were traded on the counter.

Interglobe Aviation is currently trading at Rs. 1638.55, down by 24.65 points or 1.48% from its previous closing of Rs. 1663.20 on the BSE. The scrip opened at Rs. 1668.95 and has touched a high and low of Rs. 1682.95 and Rs. 1632.95 respectively. So far 45888 shares were traded on the counter.

Global Vectra Helicorp is currently trading at Rs. 64.00, down by 1.65 points or 2.51% from its previous closing of Rs. 65.65 on the BSE. The scrip opened at Rs. 68.80 and has touched a high and low of Rs. 68.80 and Rs. 64.00 respectively.

In April 2019, domestic air traffic dipped 4.5% year-on-year--the sharpest decline in at least five years. Suspension of operations by Jet Airways on April 17 due to lack of funds was considered to be one of the primary reasons why domestic air traffic saw a fall in that month.

In terms of market share, budget carrier IndiGo maintained its lead position with 49 percent share of the domestic passenger market in May. SpiceJet's market share increased from 13.1 percent in April to 14.8 percent in May, giving it the number two spot. The market share of Air India, GoAir, AirAsia and Vistara were 13.5 percent, 11.1 percent, 6.3 percent and 4.7 percent, respectively, in May this year.

As per to the data, the passenger load factor -- which is measured by dividing the number of passengers to the number of available seats in a flight -- for SpiceJet was 93.9 percent in May. For GoAir, IndiGo, Air Asia and Vistara, the passenger load factor stood at 93.3 percent, 90.9 percent, 87.8 percent and 85.6 percent, respectively, in May. Air India's passenger load factor was at 85 percent in May.

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Spice Jet Share Price

84.55 -0.35 (-0.41%) Mar 08, 18:37
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Peers
Company Name CMP
Interglobe Aviation 1705.45
Jet Airways (I) 116.10
Hindustan Aeron 1064.90
Spice Jet 84.55
Global Vectra Helico 45.05
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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