Indian Airlines Seek Removal of Fare Cap as Iran Crisis Hits Operations

India’s major airlines have urged the government to lift airfare caps imposed late last year, warning that operational challenges driven by the escalating Iran crisis are threatening their financial stability and forcing costly route changes. Represented by the Federation of Indian Airlines (FIA) which includes carriers such as IndiGo, Air India and SpiceJet the industry […]

Travel Sector Shares Tumble as US-Iran Conflict Disrupts Flights

Global travel and airline stocks plunged sharply this week as escalating conflict between the United States, Israel and Iran triggered widespread airline disruptions, soaring fuel prices and heavy flight cancellations dealing a swift blow to the aviation and tourism sectors. Shares Slide Across Travel and Airline Stocks Shares in major travel and airline companies slumped […]