Shares of Jet Airways on Monday fell more than 23 percent to their lowest since March 2009 as uncertainties over the future dogged the airline after it suspended all operations temporarily last week. Jet Airways shares fell as much as 23.17 percent to Rs 126.65 per share in the morning trade on the NSE.
NSE
Jet Airways CEO Vinay Dube on Saturday met finance minister Arun Jaitley and said the minister had assured to look into the issues that forced the cash-strapped airline to halt operations temporarily.
Maharashtra finance minister Sudhir Mungantiwar, civil aviation secretary Pradeep Singh Kharola, the airline's chief financial officer Amit Agarwal, representatives of pilots, engineers, cabin crew and ground staff unions were also present at the meeting with Jaitley at his residence in Delhi.
At 10.54 AM, the stock was trading Rs 142.90 per share, down 13.32 percent from its previous close. Jet Airways shares have declined over 47 this month and year-over-year, the stock fell over 77 percent.
Shares of InterGlobe Aviation (IndiGo) traded nearly 3 percent lower, while SpiceJet shares declined over 4 percent as crude oil prices surged to a five-month high following a report that the United States may end sanction waivers to nations buying oil from Iran.
First Published:Apr 22, 2019 10:56 AM IST
