Iran, SpiceJet and IndiGo
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Indian airlines may need to rethink expansion plans as crude oil prices hover at unsustainable levels, even at $90 a barrel, budget carrier SpiceJet Ltd.’s chairman warned.
SpiceJet on Tuesday adjusted the flight timings for its flight SG 263, which was scheduled to fly from Delhi`s Terminal 1D to Kolkata’s Terminal 2 on March 10, shifting the departure to 09:40 am. While issuing an official advisory,
SpiceJet will operate eight special flights from Fujairah in the UAE on March 4 to bring back Indians stranded due to the West Asia conflict. Services will connect Delhi, Mumbai and Kochi as airlines adjust schedules.
Aviation stocks experienced a decline on 2 March 2026 as tensions in the Middle East rose. This pushed the prices of crude oil higher and resulted in flight dis
SpiceJet will operate 13 special flights from the UAE on Thursday to aid passengers stranded due to the Middle East conflict.
Triggered by the sharp spike in crude prices, the benchmark BSE Sensex plunged more than 2,200 points to around 76,892, while the Nifty 50 dropped nearly 2.8% to the 23,960 level in early trade. The sell-off wiped out nearly ₹13 lakh crore of investor wealth within hours.
In its update, Air India said, “With airspace over Saudi Arabia and Oman remaining open, Air India and Air India Express continue to operate their scheduled services to and from Jeddah and Muscat.”
SpiceJet will operate 14 special flights from the UAE on March 6 to bring back Indian nationals stranded in the Gulf as the Iran war disrupts West Asia air travel and forces hundreds of flight cancellations.
As cancellations continue across West Asia, SpiceJet's emergency flights offer stranded travellers a crucial route back to India.
Singh added that domestic fares are unlikely to remain stable, as airlines may be forced to introduce fuel surcharges due to rising fuel costs.