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Aviation stocks like SpiceJet Ltd and Interglobe Aviation Ltd plunged after US-Israel launched Epic Fury against Iran, leading to air travel disruption and attacks.,.
Aviation stocks bleed on Monday following the flight disruption triggered by Middle East crisis and rising crude oil price
Aviation Stocks In India: Shares of aviation companies in India, including SpiceJet Ltd, Interglobe Aviation Ltd, and more slumped over 8 per cent intraday on Monday, following the air travel disruption in the Middle East after the escalation of tensions between US-Israel and Iran.
On Saturday, the joint forces of US and Israel launched an operation named ‘Epic Fury’ against Iran after failing of talks that led to the killing of its Supreme Leader Ali Khamenei in missile strikes, using both naval and air forces. Iran has launched a fresh waves of attacks following the major losses on US bases in the Middle East, causing a high damage on the neighboring countries such as the United Arab Emirates, Qatar, Oman, etc.
The ongoing Iran-Israel conflict continues to severely disrupt air travel, with hundreds of flights cancelled over three consecutive days and major international routes impacted due to restricted airspace across parts of the Middle East.
At Delhi airport alone, as many as 410 flights operated by Indian carriers were cancelled on February 28 amid escalating regional tensions. The disruptions continued into March 1, with at least 350 flights scrapped. On March 2, a minimum of 300 flights are expected to be affected as airlines grapple with operational constraints and rerouting challenges.
Meanwhile, crude oil futures also rose sharply in anticipation of the disruption of the Strait of Hormuz. The brent oil futures touched USD 80 before cooling off a bit.
Shares of SpiceJet Limited hit the day’s low at Rs 14.72 per share against the previous day close at Rs 16.08 per share. Indigo shares also slumped 5 per cent to trade at Rs 4,593 per share, against the previous day close at Rs 4,827 per share.
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March 02, 2026, 12:11 IST
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