Oil prices even at $90 'unsustainable', warns SpiceJet's Ajay Singh; says Indian airlines bracing for pain

Analysis of this story by et_companies · 10 Mar 2026, 11:06 AM IST (about 2 months ago)

BEARISH(95%)

hold

AI Analysis

Fuel costs are a major component of airline operating expenses, making the sector highly sensitive to crude oil price fluctuations.

Bearish bias for aviation stocks; monitor crude oil prices and airline pricing strategies.

Quick check: SPICEJET neutral, MARUTI bearish bias (+2.9% 1d).

•SpiceJet chairman Ajay Singh warns crude oil prices at $90 per barrel are unsustainable for airlines.
•Signals potential fare hikes and pressure on expansion plans.
•Rising fuel costs, linked to Middle East conflict, are impacting Asian carriers significantly.
•Some airlines considering grounding aircraft; challenging months ahead for airlines.
•Risk flag: Sustained high crude oil prices

Negative

Chairman warns of unsustainable oil prices, impacting profitability and expansion

SpiceJet chairman

warns about unsustainable oil prices for airlines

Sectors:auto

Original source: et_companies

Published: 10 Mar 2026, 11:06 AM IST

Last updated on Anadi News: 10 Mar 2026, 3:44 PM IST

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