Bourses BSE and NSE have put the securities of SpiceJet under the long-term ASM (Additional Surveillance Measure) framework.
The rise in aviation stocks comes even as aviation turbine fuel (ATF), or jet fuel, prices have surged sharply, tracking the spike in global crude oil prices amid the escalating conflict in West Asia.
Airspace closures across West Asia and Pakistan have forced longer flight routes, increasing operational costs
The FIA warned that the order would force airlines to increase airfares to recover lost revenue.
The issue stems from restrictions on incoming foreign airline operations into Dubai, one of the busiest transit hubs for Indian travellers.
The Iran war is sending shockwaves through global aviation. Airlines worldwide are facing soaring fuel prices, massive flight cancellations and major route disruptions across the Middle East — one of the busiest air corridors connecting Europe, Asia and Africa. More than 43,000 flights in the region have already been cancelled or disrupted as carriers avoid conflict zones. Jet fuel prices have surged dramatically, forcing airlines to raise ticket fares and impose new fuel surcharges. India’s aviation sector is among the hardest hit. Air India and Air India Express have announced phased fuel surcharge hikes beginning March 12, while SpiceJet has warned that carriers may have no choice but to increase fares further. Global airlines including Qantas, AirAsia, Hong Kong Airlines and Air New Zealand are also raising prices or reviewing fuel levies. Meanwhile, airlines like British Airways, Lufthansa and Air France-KLM are reshaping routes and adding flights to alternative destinations. For travellers, the result is clear — longer routes, higher fares and uncertainty for upcoming summer travel.
InterGlobe Aviation Ltd, the parent company of IndiGo and the largest player in India's domestic aviation market, was trading 0.72 per cent higher at Rs 4,413.80 in early trade. Meanwhile, SpiceJet Ltd climbed 2.42 per cent to Rs 13.99.
Singh added that domestic fares are unlikely to remain stable, as airlines may be forced to introduce fuel surcharges due to rising fuel costs.
Indian equity benchmarks plunged in initial trade today, dragged lower by weakness across sectors amid the ongoing conflict involving Iran, the United States and Israel.
The Iran war is now shaking one of the world’s most critical economic sectors — global aviation. Major Middle East aviation hubs including Dubai, Doha and Abu Dhabi have faced unprecedented disruption, triggering thousands of flight cancellations and leaving hundreds of thousands of passengers stranded across the world. With key West Asian airspace closed, airlines are being forced to reroute flights between Europe, India, Asia and Australia, adding hours to journeys and significantly increasing fuel consumption. At the same time, aviation fuel prices have surged to their highest levels since 2022, putting massive financial pressure on airlines already dealing with operational chaos. Indian airlines like IndiGo, Air India and SpiceJet are also facing major losses as lucrative European and Gulf routes are disrupted. Meanwhile, special rescue flights are being launched to evacuate stranded passengers. As the conflict escalates, the skies over West Asia have become one of the biggest pressure points for global aviation.
Indian airlines, including IndiGo and Air India, have started restoring some services in the region, though operations remain far from normal. Domestic carriers, including IndiGo, Air India, SpiceJet, Air India Express and Akasa Air, have resumed select flights to destinations such as Dubai, Jeddah, Ras al Khaimah, and Fujairah.




