 "SpiceJet")
The stock of SpiceJet has been the worst-performing among airlines in the Asia Pacific region. The airline, which is in the dock over a DGCA show cause notice, has seen a 43 per cent decline in its share price since January 1.
On Thursday, the stock gained over 1 per cent and closed at Rs 38.85 on the BSE. Elevated crude oil prices and subdued demand environment in domestic markets are concerns.
A settlement with Boeing on 737 Max on outstanding claims last November was a positive trigger for the stock. The cargo business too has performed well.
But, the airline’s plan to
