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Why Spicejet Stock is Falling? - Yadnya Investment Academy
Spicejet Ltd. is the 2nd largest company in the Airlines sector with market share over 12%. Spicejet had opted for Boeing 737-800 aircrafts in operations.India has grounded Boeing 737 MAX being operated by airlines in the country following two deadly accidents within a span of five months. Shares of Spicejet slipped 8% and a hit an intra-day low of Rs 72.50 on Wednesday morning [13 March 2019] on fears that grounding of Boeing 737 MAX aircraft will hurt the airline’s revenue and profitability.