IndiGo, SpiceJet face turbulence amid rising crude, competition: Analysts

Analysts expect some consolidation in the industry going forward, with the impact of increased competition playing out over two-three years

Airline stocks -- InterGlobe Aviation and SpiceJet -- have had a hard landing on the bourses so far this calendar year. Shares of IndiGo airlines have tumbled 10 per cent on a year-to-date (YTD) basis, while those of SpiceJet have crashed 30.2 per cent. In comparison, the benchmark S&P BSE Sensex has slipped 4.6 per cent YTD, and the BSE MidCap and SmallCap indices have dipped 7.3 per cent and 10.5 per cent, respectively.

However, with crude oil prices soaring again, and new players -- Akasa Air and Jet Airways -- planning to take off, analysts see turbulence ahead for