$INDIGO

InterGlobe Aviation, the parent of IndiGo, fell nearly 3 percent in early trading on Monday as escalating tensions in the Middle East drove crude oil prices higher and raised concerns over delayed aircraft deliveries from Airbus. Investor sentiment weakened after reports that Israel launched strikes on military targets in Iran following missile attacks by the Islamic Republic, triggering a sharp rally in global oil prices. Brent crude surged as much as 4.4 percent to $97.15 per barrel, while WTI crude briefly crossed the $94-per-barrel mark before trimming gains. Rising fuel prices are typically viewed as a headwind for airlines, given that aviation turbine fuel constitutes a major share of operating costs. Adding to concerns, some of IndiGo’s expected aircraft deliveries from Airbus have reportedly been delayed by several months due to supply-chain disruptions linked to the ongoing conflict in the region. The airline had been scheduled to receive nine A321XLR jets by the end of 2026. IndiGo has already inducted two A321XLR aircraft and is operating them on international routes, including Athens and Istanbul. The carrier is also reportedly in discussions with Airbus to secure more favourable delivery schedules for the remaining aircraft.