"Airlines are tending to strike the right balance between adding capacity, banking the benefit of cheaper fuel, and holding the line on passenger yields."
fundamentals aside lets analyse each through charts.
as shown in chart stock has broken previous top and ready to hit previous weekly top also
buy with sl of 535 for 620
spice jet- 20 june2015 at 17, 20 june 2017 at 123
similar to jet stock broke out for the target of 150+
also weekly price breakout target is placed at 145 . so i expect price to come in that range before any correction.
the party has already begun
but any price correction towards 1200 is a buying opportunity with sl of 1170 we can expect previous top 1380.
option route can be best in this trade.
and not to miss crude
* these r my views . i may be completely wrong.