IndiGo, SpiceJet Shares Dip After Flight Cancellations Due to "Operation Sindoor"

shares of airlines

and SpiceJet experienced a decline today following the announcement of multiple flight cancellations. This disruption comes after the Indian government closed nearly 16 airports in northern and western India to civilian air traffic on May 7th due to a reported military operation, code-named "Operation Sindoor." The affected airports include key locations such as Leh, Srinagar, Jammu, Amritsar, and Chandigarh. Both IndiGo and SpiceJet took to social media to inform passengers about the cancellations. IndiGo announced the cancellation of flights to and from Srinagar, Jammu, Amritsar, Leh, Chandigarh, Dharamshala, Bikaner, Jodhpur, Gwalior, Kishangarh, and Rajkot until May 10th. The airline also indicated that further schedule adjustments across other routes might be necessary and assured passengers of their support during these "sensitive times." The closure of these airports and the subsequent flight cancellations have seemingly impacted investor sentiment, leading to a downturn in the share prices of the two major domestic carriers. The situation is being closely monitored as passengers face travel disruptions in the affected regions.