<p>New Delhi: Aviation stocks were in high demand in morning trade on Wednesday, with InterGlobe Aviation climbing over 9 per cent, despite jet fuel price hike.</p>.<p>InterGlobe Aviation, the parent firm of<a href="https://www.deccanherald.com/tags/indigo"> IndiGo</a>, after starting the trade on a positive note further jumped 9.41 per cent to Rs 4,315 on the BSE.</p>.<p>The stock of SpiceJet surged 4.72 per cent to Rs 10.20.</p>.<p>Price of Aviation Turbine Fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, mirroring the surge in global oil prices last month, but for domestic airlines, the increase would only be 8.5 per cent.</p>.<p>Domestic airlines will pay half of what other carriers such as non-scheduled, adhoc and charter would pay. For them the prices have gone up by Rs 110,703.08 per kl, or 114.5 per cent, to Rs 207,341.22 per kl.</p>.Attention flyers! Airfares likely to rise with steep jump in jet fuel price.<p>Jet fuel prices were deregulated more than two decades back, and since then, the rates are aligned with benchmark international prices, as per a written understanding with the airlines.</p>.<p>But since the <a href="https://www.deccanherald.com/tags/middle-east">Middle East</a> war induced surge in global energy prices warranted a steepest increase ever to be made in the ATF prices, the government and state-owned oil companies decided to adopt a calibrated approach, industry sources said.</p>.<p>While foreign airlines and other carriers would pay market rates, prices for domestic airlines have been moderated, they said.</p>.<p>Fuel makes up for around 40 per cent of an airline's operating cost.</p>.<p>Meanwhile, the country's largest airline IndiGo on Tuesday announced the appointment of William Walsh, a pilot and current chief of the global airlines' grouping IATA, as its next CEO. </p>
<p>New Delhi: Aviation stocks were in high demand in morning trade on Wednesday, with InterGlobe Aviation climbing over 9 per cent, despite jet fuel price hike.</p>.<p>InterGlobe Aviation, the parent firm of<a href="https://www.deccanherald.com/tags/indigo"> IndiGo</a>, after starting the trade on a positive note further jumped 9.41 per cent to Rs 4,315 on the BSE.</p>.<p>The stock of SpiceJet surged 4.72 per cent to Rs 10.20.</p>.<p>Price of Aviation Turbine Fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, mirroring the surge in global oil prices last month, but for domestic airlines, the increase would only be 8.5 per cent.</p>.<p>Domestic airlines will pay half of what other carriers such as non-scheduled, adhoc and charter would pay. For them the prices have gone up by Rs 110,703.08 per kl, or 114.5 per cent, to Rs 207,341.22 per kl.</p>.Attention flyers! Airfares likely to rise with steep jump in jet fuel price.<p>Jet fuel prices were deregulated more than two decades back, and since then, the rates are aligned with benchmark international prices, as per a written understanding with the airlines.</p>.<p>But since the <a href="https://www.deccanherald.com/tags/middle-east">Middle East</a> war induced surge in global energy prices warranted a steepest increase ever to be made in the ATF prices, the government and state-owned oil companies decided to adopt a calibrated approach, industry sources said.</p>.<p>While foreign airlines and other carriers would pay market rates, prices for domestic airlines have been moderated, they said.</p>.<p>Fuel makes up for around 40 per cent of an airline's operating cost.</p>.<p>Meanwhile, the country's largest airline IndiGo on Tuesday announced the appointment of William Walsh, a pilot and current chief of the global airlines' grouping IATA, as its next CEO. </p>