IndiGo, SpiceJet, other tourism stocks tumble up to 13.5% after US, Israel attack on Iran leads to airspace closure, flight cancellations

Shares of Indian airlines and travel firms plummeted up to 13.5% as US and Israeli attacks on Iran triggered airspace closures across the Middle East. Major transit hubs like Dubai faced disruptions, leading to flight cancellations and advisories for passengers. Escalating tensions negatively impact travel demand and airline operating costs.