Shares of aviation firms, tour operators dive amid West Asia crisis

Shares of airline companies, tour and travel-related services providers tumbled on Monday (March 2, 2026) morning trade amid escalating tensions in the West Asia.

The stock of InterGlobe Aviation tanked 7.50%, while SpiceJet declined by 7.27% on the BSE. Shares of Yatra Online tumbled 11.14%, Easy Trip Planners slumped 9.39%, TBO TEK dived 8.19% and Thomas Cook dropped 5.40%.

In the equity market, the 30-share BSE Sensex traded 1,027.60 points lower at 80,284.17. The 50-share NSE Nifty tumbled 305.95 points to 24,864.35.

The conflict between Israel, the U.S., and Iran has resulted in multiple airspace closures in the West Asia, massively disrupting flight operations.

The Indian Association of Tour Operators (IATO) on Sunday (March 1) reported a noticeable rise in booking cancellations and rescheduling requests, particularly for sectors connecting India with Europe via major Gulf hubs, due to airspace restrictions arising from the Middle East crisis.

IATO President Ravi Gosain told PTI that travel agents across the country are working closely with airlines and overseas partners to minimise inconvenience to passengers by facilitating re-bookings, refunds, and alternate routings.