IndiGo shares drop 3% on rising crude oil prices
pre-market1 source ↓written by the desknot a recommendation
- as Brent crude
- 3%
- per barrel
- $85
Shares of InterGlobe Aviation, parent of IndiGo, fell 3% as Brent crude surged above $85 per barrel. The spike in crude oil prices raised concerns over higher aviation turbine fuel costs, impacting airline profitability. This decline reflects investor caution amid escalating geopolitical tensions in the Middle East, affecting fuel-intensive sectors.
Not investment advice. For informational purposes only.