Airspace closures, rising jet fuel costs to hit IndiGo, SpiceJet’s profitability as cancellations amount
Geopolitical tensions between Israel and Iran have forced Indian airlines to cancel flights to the Middle East and parts of Europe, impacting up to 40% of Air India’s capacity. The conflict between Israel and Iran has impacted the Indian airline carriers’ capacities, as geopolitical tensions have caused cancellations of all flights to the area…