Interglobe Aviation shares hit new high on hike in airfares; stock jumps over 93% in one year

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InterGlobe Aviation share price: The airline company has increased the fares on prominent routes by up to 25 per cent. 

InterGlobe Aviation share price: Shares of Interglobe Aviation, the operator of IndiGo Airlines, hit an all-time high of Rs 3,755.50 apiece, up 3.4 per cent on the BSE on Wednesday, April 10, as the company has hiked the airfare by 20–25 per cent. The airline company has increased the fares on prominent routes by up to 25 per cent. The steep fare hike is due to the cancellation of Vistara flights, which has added to heavy demand.