Aviation stocks slump nearly 6% on rising jet fuel prices after Israel's strike on Iran

Shares of Interglobe Aviation, Indigo’s parent company, slumped 5.62% to an intra-day low of ₹5,175 apiece on the BSE. Further, the SpiceJet stock also slipped to a day’s low of ₹42.16 apiece, down 5.64%.

The jet fuel prices were trading at $85.85 per barrel on June 12 on the Platts Global Index, 4.87% higher than the global weekly average of $81.86 per barrel.

The Iranian airspace was shut down soon after the strikes, followed by Iraq. Airlines have cleared out the airspace over the conflict zone.

SpiceJet stock performance

At the time of writing, shares of SpiceJet stood at ₹43.76, 2.06% lower on the BSE.

The stock gained 5.94% over the week but lost 2.42% since the beginning of June. The scrip has slipped 1.01% so far into the first quarter of FY6 and 20.72% on a year-to-date basis.

The company is set to announce its fourth quarter FY25 results today.

"This is to inform you that meeting of the Board of Directors of the Company will be held on June 13, 2025 (Friday), inter-alia, to consider and approve the audited standalone and consolidated financial results of the Company for the fourth quarter and financial year ended March 31, 2025," it said in a regulatory filing.

SpiceJet has a total market capitalisation of ₹5,609.98 crore, as of June 13, on the BSE.

Indigo share performance

Shares of Interglobe Aviation were trading at ₹5,227 apiece, down 4.67% on the BSE.

The scrip lost 0.27% over the week but gained 2.97% on a month-to-date basis. It has gained 7.3% since the beginning of the quarter and 20.58% since the start of the year.

Indigo’s total market capitalisation stood at ₹2.02 lakh crore as of June 12, 2025, on the BSE.