Aviation stocks are trading higher due to fall in Brent crude futures on Monday.

The Brent crude futures fell below the 50-mark and are currently trading trading at USD 49.74 a barrel

The declining international oil prices have made imports cheaper, resulting in price reduction.

Jet fuel constitutes more than 40% of an airline’s operating costs and the price cut will ease the financial burden of cash-strapped carriers.

Shares of Spicejet are trading at Rs 37.30, up Rs 6.2, or 19.94% at the Bombay Stock Exchange (BSE) on Tuesday at 3:15 p.m. The scrip has touched an intra-day high of Rs 37.30 and low of Rs 31.95.

Shares of Jet Airways (India) are trading at Rs 367.75, up Rs 38.4, or 11.66% at the Bombay Stock Exchange (BSE) on Tuesday at 3:17 p.m. The scrip has touched an intra-day high of Rs 374.40 and low of Rs 333.10.