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Aviation stocks in demand post May traffic nos
This article was posted on Jun 24, 2011 and is filed under Market News
The shares of aviation companies such as Jet Airways, Kinghfisher Airlines and SpiceJet are in demand as domestic traffic grew 14.8% in May compared to the same period last year.
Domestic traffic crossed 540,000 in the month and the total number of passengers flown was 549,200. Jet Airways and Kingfisher Airlines carried more than one million passengers each in May, government data showed.
Jet Airways and its budget arm JetLite recorded market share of 26.1% for May, while Kingfisher came in second at 20%. Budget carrier SpiceJet had a market share of 14.2%, newspaper reports suggests. For more visit: Business-Standard
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