SpiceJet flies 11% after airline asserts 'normal' flight operations

This comes after airline regulator Director General of Civil Aviation (DCGA) curtailed flight operations to only 50 per cent for eight weeks

Shares of SpiceJet skyrocketed 11 per cent to Rs 42.5 per share on BSE in Monday's intra-day trade after the airline operator assured 'absolutely normal' flight operations. In the past one month, SpiceJet has remained flat, while the frontline indices Nifty50 and the S&P BSE Sensex have gained around 8.5 per cent each.

On Monday, August 1, the private airline operator asserted that all flights departed on time as per schedule, without any cancellations. Over the weekend, the aircraft occupancy or passenger load factor remained steady in the range of 81 to 82 per cent. This comes after airline regulator