IndiGo’s international flight operations have been disrupted following the closure of airspace across several West Asian countries amid the ongoing conflict involving the United States, Israel and Iran. The situation has increased operational pressure on the airline, as the continued closure of Pakistan’s airspace has forced IndiGo to operate on longer routes.
The airline released its operational data for January–February 2026, which remained in line with or slightly ahead of its estimates and guidance.
Subheading: Flight Cancellations Affect International Operations
According to the company, more than 500 flights to West Asia and certain long-haul destinations were cancelled between February 28 and March 3, 2026. The affected routes included major international destinations such as Istanbul, Athens, Manchester and Amsterdam.
With the conflict continuing, approximately 130 to 140 flights were cancelled daily between March 4 and March 6.
About 30 percent of IndiGo’s total international capacity was affected. Around 45 percent of the airline’s international flights are either linked to West Asia or pass through the region.
Subheading: Brokerage MK Global Maintains Positive View
Brokerage firm MK Global maintained a positive stance on IndiGo shares, stating that the airline’s operations could normalize once geopolitical tensions ease and flights resume at full capacity.
In Tuesday’s trading session, InterGlobe Aviation, which operates IndiGo, recorded a recovery in early trade with the stock rising more than 3 percent. The stock had declined by about 10 percent over the past two weeks amid tensions in West Asia.
Subheading: BUY Rating and Target Price
MK Global has assigned a BUY rating to IndiGo with a target price of ₹6,300 per share for December 2027. The stock closed at ₹4,236 in the previous trading session on Monday, implying a potential upside of 49 percent from the current level.
According to the brokerage’s analysts, the stock could rise rapidly once tensions in West Asia ease and the airline’s operations normalize.
Subheading: Rise in Oil and Jet Fuel Costs
Concerns over oil supply have also increased, particularly due to the possibility of disruption in the Strait of Hormuz. Crude oil prices have moved above $90 per barrel.
Jet fuel margins have also increased sharply to about $40 to $50 per barrel, while in some markets margins have reached $80 per barrel.
If the current situation persists, jet fuel prices could rise by more than 40 percent in April 2026. However, it is not yet clear how much of this additional cost will be passed on to airlines.
Subheading: Recent Operational Performance
IndiGo’s operational data for January–February 2026 remained stable. The company said its flight performance and passenger load factor were in line with its estimates.
The brokerage said stability in operational data and improvement in passenger numbers could support the company’s stock.
