Middle East Crisis Worsens: SpiceJet, Indigo Lead Aviation Stock Decline Up To 14%

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Aviation Stocks Plummet 14% Amid Worsening Middle East Crisis

Aviation stocks bleed on Monday following the flight disruption triggered by Middle East crisis and rising crude oil price

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News18•02-03-2026, 12:11

Aviation Stocks Plummet 14% Amid Worsening Middle East Crisis

•Indian aviation stocks, including SpiceJet and IndiGo, plunged over 8% due to Middle East air travel disruptions.
•The US-Israel operation 'Epic Fury' against Iran, killing Ali Khamenei, escalated tensions.
•Iran launched retaliatory attacks, damaging US bases and neighboring countries.
•Hundreds of flights canceled over three days, impacting major international routes and restricting airspace.
•Crude oil futures rose sharply on Strait of Hormuz disruption fears, with Brent touching USD 80.

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