SpiceJet shares jump nearly 9 pc after announcement of new international destinations

Shares of SpiceJet zoomed nearly 9 per cent Monday amid the company announcing that it will launch direct flights from Mumbai to seven international destinations, including Colombo, Jeddah, Dhaka, Riyadh and Hong Kong.

The scrip climbed 8.60 per cent to close at Rs 119.35 on the BSE. During the trade, it jumped 9.19 per cent to Rs 120.

About 77 lakh shares of the company were traded on the BSE during the day.

Shares of SpiceJet had zoomed 8.5 per cent Friday after the airline announced it will induct 16 Boeing 737-800 NG aircraft, a move that will help in bringing down flight cancellations.

Direct flights would also be operated from Mumbai to Bangkok and Kathmandu.

The no-frills airline would start the services from the end of May.

In a release on Monday, the carrier said it will be the first Indian budget carrier to launch daily direct flights on the Mumbai-Colombo, Mumbai-Dhaka, Mumbai-Riyadh, Mumbai-Hong Kong and Mumbai-Kathmandu sectors.


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel