Aviation Stocks Take Flight: IndiGo And SpiceJet Lead Market Surge

IndiGo’s Performance

InterGlobe Aviation (IndiGo) shares jumped 9.5% to ₹4,675, hitting an intraday high of ₹4,744. Analysts attributed the surge to falling oil prices, which dropped from $117 to $96 per barrel after the US–Iran ceasefire. Fuel costs account for nearly 40% of airline expenses, making this decline highly positive for profitability.

SpiceJet’s Upper Circuit

SpiceJet stock hit its 5% upper circuit limit during trading, reflecting renewed investor confidence. The airline has been restructuring operations and focusing on fleet expansion, and the easing of fuel costs provided further relief.

Sector Context

The government’s decision to cap ATF hikes at 25% also shielded airlines from a feared 100% fuel price shock. Combined with rising passenger traffic and stable demand, these developments have positioned aviation stocks for continued momentum in FY26.

Key Highlights

•⁠  ⁠IndiGo surged nearly 10% to ₹4,675 on April 8, 2026

•⁠  ⁠SpiceJet hit its 5% upper circuit limit the same day

•⁠  ⁠Crude oil prices fell sharply after US–Iran ceasefire

•⁠  ⁠Government capped ATF hikes at 25%, easing cost pressures

•⁠  ⁠Analysts expect strong returns as passenger traffic grows

Sources: Republic World, Angel One, Analytics Insight