West Asia Tensions Trigger 14% Drop in Tour and Travel Stocks

Shares of tour and travel-related firms such as Yatra Online, Easy Trip Planners, and ixigo have fallen up to 14% due to escalating West Asia tensions. The US-Israel strikes on Iran have led to airspace closures across the Gulf, affecting Indian carriers and disrupting flights across the India-Gulf corridors. The situation presents a near-term negative for airline companies like IndiGo and has caused disruption to global transit hubs.