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Airlines Stocks Gain after Jet Fuel Price Cut

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Airlines Stocks Gain after Jet Fuel Price Cut
Jet Airways (India) gained 3.3 percent, while SpiceJet was up 3.9 percent.

Indian Oil Corp cut jet fuel price by an average of nearly 3 percent across cities.  

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Jet fuel traditionally marks nearly a third of an airline's operational cost.

Copyright: Thomson Reuters 2014

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