Iran-Israel War Tension: War tension in the Middle East has had a direct impact on Indian aviation and tourism stocks…
highlights
Flights have been disrupted due to closure of airspace in the Middle East following the US-Israel attacks on Iran. This had an impact on Indian aviation and tourism stocks. On Monday, shares of IndiGo, SpiceJet, Ixigo and Easy Trip Planners fell by 14%.
Iran-Israel War Tension: After the attacks by America and Israel on Iran, the situation in the Middle East has deteriorated rapidly and it has had a direct impact on Indian aviation and tourism stocks. On Monday, shares like InterGlobe Aviation (parent company of IndiGo), SpiceJet, iXigo and Easy Trip Planners saw a sharp fall. Some shares fell as much as 14%, as many countries have closed their airspace and there has been massive disruption in flights.
Indigo and SpiceJet shares fell
IndiGo shares fell as much as 7.5% to the day’s low of Rs 4,461 on BSE. At the same time, SpiceJet shares fell by more than 3% to Rs 14.60. Due to closure of airspace and cancellation of flights, there is a possibility of impact on the earnings of airlines, due to which investors started selling.
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India’s largest airline IndiGo has canceled all its flights to the Middle East as a precautionary measure in view of the circumstances. The company has issued a travel advisory saying that till March 7, 2026, passengers will be given complete relaxation on bookings for Middle East and some international sectors. If passengers wish, they can take a full refund or change the date of travel without any extra charges.
Decline in online travel companies also
Not only airlines, shares of online travel companies also fell badly. Ixigo shares fell by 13.5% to Rs 147. Easy Trip Planners also declined by 9% to hit a low of Rs 7.79. Amidst the increasing tension, there is pressure on these companies due to cancellation of passenger bookings and the fear of slowness in new bookings.
Middle East airports and airspace closed
Flights in Dubai, the world’s busiest international transit hub, have also been affected. Major hubs like Abu Dhabi and Doha have either been closed or are operating with strict restrictions. At least eight countries, including Iran, Israel, Iraq, Jordan, Qatar, Bahrain, Kuwait and UAE, have closed their airspace. Syria has also closed a part of its southern airspace near the Israeli border.
According to flight tracking platform FlightAware, thousands of flights in the Middle East have been affected. Dubai International Airport has also been damaged in Iran’s attacks, while the airports of Abu Dhabi and Kuwait were also targeted.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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