IndiGo shares slide 4.4% as oil spikes fuel worries from West Asia conflict and travel curbs

Fuel could be up to 40% of airline costs

IndiGo shares fell 4.4% after Prime Minister Narendra Modi urged Indians to avoid non-essential foreign travel amid escalating West Asia tensions. At the same time, Brent crude rose toward $86 per barrel, raising expectations of higher Aviation Turbine Fuel costs. With fuel making up nearly 40% of operating expenses, investors also fear potential flight disruptions if the conflict drags on.