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 rose 8% after Authum Investment pledged 6.8% stake of the airline. Authum disclosed that it acquired 10.37 crore equity shares of SpiceJet on February 25 by invoking pledged shares linked to outstanding dues of Spice Healthcare .

Shares of SpiceJet crashed 10 per cent on Wednesday, hitting the lower circuit after heavy block deals on the BSE triggered massive selling in the counter.

The passenger market share of the company has almost doubled from 2.2% in Q2 FY26 to 4.3% in December, which is a result of the sharp three-month growth. The consistent month-by-month increase from 2.6% in October to 3.7% in November and then to 4.3% in December reveals effective implementation of route expansion and aircraft deployment strategies.

IndiGo shares soared 6% to their day’s high of Rs 4,475 on the BSE, while SpiceJet shares gained 8% to an intraday high of Rs 14.1 apiece. Airline stocks had taken a sharp beating amid geopolitical tensions as oil prices rallied around 30% on Monday.

IndiGo has cancelled over 500 flights between February 28 and March 3 as airlines continue to deal with evolving airspace restrictions

The airline said that “in view of the evolving airspace restrictions over Iran and the Middle East, more than 500 flights to the Middle East and select international destinations have been cancelled".

Mumbai: Shares of SpiceJet fell sharply by 10 per cent on Wednesday and hit the lower circuit at Rs 12.88 on the BSE. This is the airline’s lowest stock price in more than 11 years. The fall came after heavy block deals triggered strong selling pressure in the stock.