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IndiGo and SpiceJet plunge up to 7 as foreign travel warning hits demand
Economy
Published on 11 May 2026
A top PM call sparks the fastest sentiment shock
IndiGo, SpiceJet and other travel-related stocks tumbled as Prime Minister Narendra Modi urged Indians to avoid non-essential foreign trips for a year. The move hit sector sentiment and expected demand just as crude oil prices surged, lifting aviation turbine fuel costs and squeezing airline margins further.
- IndiGo and SpiceJet fell sharply, with travel stocks dropping up to 7%
- PM Modi’s foreign travel caution weighed on demand expectations
- Rising crude oil pushed up aviation fuel costs and margins
- Sector sentiment turned weaker across platforms like Yatra and ixigo
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times