IndiGo says over 500 overseas flights cancelled in last four days due to Middle East tensions, stock falls 4.5%: What lies ahead?
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If these cancellations persist for seven days, we estimate they will erase about Rs 32 crore of IndiGo’s profit before tax, says HSBC analysts
IndiGo says over 500 overseas flights cancelled in last four days due to Middle East tensions, stock falls 5%: What lies ahead?
Low-cost carrier IndiGo on March 4 said it cancelled over 500 overseas flights from February 28-March 3, 2026 due to the ongoing Middle East tensions. On March 4, the airline’s stock was trading 4.6% lower at Rs 4,310.4 apiece.
“If these cancellations persist for seven days, we estimate they will erase about Rs 32 crore of IndiGo‘s profit before tax, equal to about 6% of profit before tax in the fourth quarter,” HSBC analysts, led by Parash Jain, said.
“In view of the evolving airspace restrictions over Iran and the Middle East, more than 500 flights to the Middle East and select international destinations have been cancelled between February 28, 2026 and March 3, 2026. We continue to closely monitor the revenue environment arising from this situation.
“Our operational teams are continuously assessing the evolving regional developments, recalibrating flight schedules, and planning repatriation operations in coordination with relevant authorities in India and the respective international jurisdictions, with the objective of minimising disruption to passengers,” said the airline in a stock exchange filing.
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