Indian airline stocks rise as crude oil prices fall

Spicejet

10/03/2026 05:07

** IndiGo INGL.NS, SpiceJet SPJT.BO rise 3.1% and 5.1%, respectively, after Monday's losses

** Crude oil prices declined after Donald Trump said the Middle East war could be "over soon"

** Brent crude futures LCOc1 fall 4.1% to $94.83 per barrel, retreating from levels above $100 amid escalating Middle East tensions that had raised concerns about global supply disruptions

** Airlines are particularly sensitive to crude price movements as fuel represents major operational cost component

**YTD, INGL down 13.7%, SPJT down ~54%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))