Indian airline stocks gain on crude price drop after Iran-Israel ceasefire

Spicejet

24/06/2025 05:42

** Shares of Indian airlines IndiGo INGL.NS and SpiceJet SPJT.BO climb 3.5% each

** Crude oil prices fell as U.S. President Donald Trump announced a ceasefire between Iran and Israel, relieving worries of supply disruption O/R

** Crude prices have tumbled more than 9% over the last two sessions after Iran refrained from disrupting oil supplies through the Strait of Hormuz

** Crude prices impact Indian airlines as it is the key component of jet fuel

** YTD, INGL up ~24% vs SPJT's 24% decline

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))