IndiGo, SpiceJet shares rise up to 4.8% as crude oil prices fall

Shares of Indigo rose over 4.8% while SpiceJet gained over 2.6% on Thursday. This came after crude oil prices declined to pre-conflict levels as concerns eased after progress in US-Iran war. Crude oil, which accounts for nearly 30% of an airline's operating costs, dropped to below $70 per barrel for the first time since the outbreak of the war.