IndiGo & SpiceJet Shares Under Pressure On Fuel Concerns

Shares of InterGlobe Aviation and SpiceJet came under pressure after Russia declared a ban on jet fuel exports until Nov 30, 2026. The move has raised concerns over global aviation fuel supply. IndiGo shares slipped 1%, while SpiceJet declined 1.14%. Higher aviation turbine fuel costs could impact airline profitability, as fuel accounts for 40% of expenses.