IndiGo, Spicejet & other travel stocks plunge up to 7%. Two big reasons why
- Posted on May 11, 2026
- By Business News Today
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- 1 min read
IndiGo, Spicejet & other travel stocks plunge up to 7%. Two big reasons why
Travel stocks, including IndiGo, SpiceJet, ixigo, Toman Cook and Yatra Online, fell sharply after Prime Minister Narendra Modi urged citizens to avoid non-essential foreign travel for a year. Rising crude oil prices added further pressure, pushing aviation turbine fuel costs higher and weighing on margins, demand and sector sentiment.
