SpiceJet Says Flight Operations Remain Normal; Shares Gain Nearly 4%
The scrip rose 3.7% to end the day at Rs 38.30 apiece on BSE and during intra-day trade, it jumped 4.7% to Rs 38.70.
Budget carrier SpiceJet on Friday said its flight operations continued to be normal and its shares bounced back, gaining nearly 4%.
The scrip rose 3.7% to end the day at Rs 38.30 apiece on BSE and during intra-day trade, it jumped 4.7% to Rs 38.70.
SpiceJet shares had settled over 3% lower on Thursday after the company was asked by aviation regulator DGCA to curtail its services by half for eight weeks. In intra-day trade on Thursday, it had tanked 9.7% to its 52-week low of Rs 34.60.
On Friday, the airline said its flight operations continued to be normal and that all flights departed on time as per schedule.
"There have been no cancellations. We are operating with excellent loads and the daily ticket bookings remains strong. We are grateful for the continued confidence reposed by our passengers and travel partners and SpiceJet will ensure a smooth operation of its flights as always," an airline spokesperson said in a statement.
Rallying for the third straight session, the 30-share Sensex jumped 712.46 points or 1.3% to settle at 57,570.25 points, the highest level in more than three months.