IndiGo Falls 3% as Brent Crude Tops $100 on Strait of Hormuz Fears

Shares of InterGlobe Aviation Limited fell 3.02% to Rs 4,416.50 on NSE on 13 April, after Brent crude oil futures surged above $100 per barrel on escalating West Asia tensions, raising immediate fears over airline fuel costs and profit margins.

Brent crude futures jumped 7.32% to $102.17 per barrel after reports of a US naval blockade of the Strait of Hormuz following the collapse of diplomatic talks with Iran, threatening supply from one of the world’s most critical oil transit routes. Despite the tensions, three supertankers fully laden with oil passed through the Strait on Saturday, though markets remained on edge over potential supply disruptions.

Rising crude prices push up Air Turbine Fuel costs directly. Airlines cannot pass on the full increase to passengers immediately without risking demand, squeezing margins almost instantly.SpiceJet bucked the trend.

The budget carrier hit its 5% upper circuit at Rs 12.88 on BSE, reflecting a sharply divergent reaction to the oil shock.Margin pressure at IndiGo was already visible before today’s spike.

In Q3FY26, the airline posted a standalone net profit of just Rs 613 crore on total income of Rs 24,536 crore, against a net profit of Rs 2,442 crore in the same quarter a year earlier, a fall of nearly 75% year on year.

At 10:42 am, shares were down 3.02% at Rs 4,416.50 on NSE, well off the session low of Rs 4,325.00. IndiGo is down 13.39% year to date and has shed 14.08% over the past year. The stock’s 52-week high stands at Rs 6,232.50, hit in August 2025, while its 52-week low of Rs 3,895.20 was recorded on 23 March 2026.

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