Airline stocks recover: IndiGo, SpiceJet soar up to 8% on hopes of US-Iran war ending soon, fall in crude oil prices
Airline stocks InterGlobe Aviation (IndiGo) and SpiceJet recovered on Tuesday, March 10, supported by a sharp drop in crude oil prices and growing optimism that the US-Iran conflict could ease sooner than expected. The fall in oil prices also raised hopes that airline operations could gradually stabilise after recent disruptions.
Crude oil prices dropped nearly 10% in early trade after US President Donald Trump indicated that the war with Iran could end sooner than initially feared and signalled the possibility of easing certain oil-related sanctions.
