Aviation Stocks Crash: Crude Oil Surge Sinks IndiGo, SpiceJet, GMR Shares

• Indian aviation shares plummeted as Brent crude prices surged 26.31% to $117.08/barrel due to Middle East conflict and production cuts.
• IndiGo (InterGlobe Aviation) shares fell 7.57%, SpiceJet dropped 5.29%, and GMR Airports declined 3.89%.
• Airport service providers like Dreamfolks Services (down 3.74%) and Taltech (down 1.33%) also saw significant falls.
• Rising crude oil directly impacts Aviation Turbine Fuel (ATF) costs, a major expense for airlines, squeezing profit margins.
• Market experts foresee little short-to-medium term recovery for aviation stocks if high oil prices persist.