Airline & Travel Stocks Plunge 11% As Middle East Conflict Triggers Airspace Closures & Booking Cancellations
Shares of Indian airline and travel companies crashed in early trade on March 2, 2026, amid escalating US-Israel-Iran conflict, causing widespread Middle East airspace closures. InterGlobe Aviation fell 7.50 percent, SpiceJet 7.27 percent, Yatra Online 11.14 percent, Easy Trip Planners 9.39 percent, TBO TEK 8.19 percent, and Thomas Cook 5.40 percent. Broader markets also declined.