“There are signs of revival in the aviation sector with carriers finally emerging from two years of turbulence, as an improving economic scenario and relaxed corporate travel norms led to a 7.8% growth in air traffic in the calendar year 2009 over the previous year!”
“Paramount Airways, the all-business class airline, has added around 200 flights to its network in the past two months. It has set a target of 2,500 flights per month by the end of the current fiscal from the current level of 2,000. The proposed capacity addition would take place through adding more aircraft to its fleet and increasing the number of seats.”
With news like above its only obvious that some retail focus might shift to airlines stocks(I guess the SMARTS are already in and by now out too!!!). The ATF prices are likely to stabilize and not pose immediate threat to the industry. Anyway like all stocks the airlines have also witnessed a fare share of run-up. Below are some annotated charts for reference!
Kingfisher Airlines;
Jet Airways;
Spicejet;
Needless to say that with 5300 in the INDEX at present and
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