AIRLINES SECTOR

1.JET-AIRWAYS

In April 2019 Jet Airways struggled in the face of increasing competition, a volatile currency and higher oil prices due to this things went from bad to worse this year.
The companys plea for insolvency resolution was accepted on june-21-2019. On this day the volume was 110,913,294 and the highest price was 81.7. A total of 1.21 crore company’s shares changed hands on BSE(Bombay stock Exchange) today, up five times against the two-week average of 23.92 lakh shares.

2.AIR ASIA

On 22th March 2020 government said no scheduled international commercial passenger aircraft will be allowed to land in India for one week.
March 2019 AirAisa India operating revenues shot up 39.5% y-o-y to Rs 2,511 crore on account of 46.3% more passengers in FY19, while its other expenses, which included aviation turbine fuel costs, jumped 70% y-o-y to Rs 2,830 crore.