InterGlobe Aviation Shares Jump 11% On The US-Iran Ceasefire Announcement

Shares of InterGlobe Aviation, the company behind India's largest airline IndiGo, soared nearly 11% on Wednesday, 8 April, after the US and Iran announced a two-week ceasefire, which saw a sharp drop in crude oil prices.

As of 10.20 AM, InterGlobe Aviation shares were trading at ₹4649.5 a piece. Other carriers also saw a jump in their share price, with SpiceJet hitting a 5% upper circuit.

Why Did InterGlobe Aviation Shares Rise?

A fall in crude oil prices is one of the reasons behind the rise in InterGlobe Aviation’s share price, as it can lower fuel costs. Fuel is one of the biggest expenses for IndiGo, as aviation turbine fuel, or ATF, typically makes up 30% to 40% of an airline's total operating costs.

Also, with geopolitical tensions easing, the airline can also breathe easier about flight disruptions.

Another reason for the share price rise is that on Tuesday, 7 April, the Airport Economic Regulatory Authority announced a 25% reduction in parking and landing charges across major airports for all the airlines.

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How Has InterGlobe Aviation Stock Performed?

Due to the tensions in the airline industry arising from geopolitical tension in the Middle East, the stock has seen pressure and is down 8.3% in 2026. In the last six trading sessions, the stock has risen 20.3%.

In terms of its financial results, the airline reported a net profit of ₹550 crore in the third quarter of the financial year (FY) 2025-26, compared to a net profit of ₹2,449 crore in the corresponding quarter last year.

The drop in profit was mainly due to the implementation of new labour codes and costs arising from thousands of flight cancellations in December 2025.

Sources:

Business Standard

India Today

Mint

CNBC-TV 18