IndiGo Tanks, SpiceJet Soars 8% on New Planes & Flight Chaos

• SpiceJet shares jumped nearly 8% today, marking a third consecutive day of gains, while IndiGo shares declined.
• The stock surge is attributed to SpiceJet adding two new Boeing 737 aircraft to its fleet, enhancing capacity and operations.
• New aircraft are deployed on key domestic and international routes like Delhi-Bangkok and Ahmedabad-Dubai.
• SpiceJet is capitalizing on IndiGo's recent flight cancellations and operational disruptions, leading to increased passenger bookings.
• IndiGo was reprimanded by the DGCA and ordered to reduce its total flights by 5% due to ongoing disruptions.

Why It Matters: SpiceJet's growth amid Indigo's issues means more flight options and market changes.