Airline, Tourism Stocks Extend Slide as US-Iran Conflict Enters Fifth Day

Indian airline and tourism-linked shares continued to decline on Wednesday amid escalating US-Iran tensions, now in their fifth day, sparking widespread flight cancellations and airspace restrictions in West Asia. SpiceJet shares plunged over 7% on the BSE, marking losses for the second consecutive session, while IndiGo also fell sharply due to over 500 flight cancellations to Middle Eastern routes. Railway and hospitality stocks faced pressure too, with

and Indian Hotels declining as concerns mounted over disrupted air travel potentially reducing passenger volumes and tourism demand.