IndiGo Loses Rs 8,000 Crore Following Pakistan’s Airspace Closure

India’s largest airline, IndiGo, suffered significant losses after Pakistan closed its airspace in response to rising tensions between the two countries. The airline’s shares dropped by about 4%, losing over Rs 8,000 crore in market value. The closure is expected to increase flight times to America and Europe by 2-3 hours, raising operational costs for airlines and pushing up airfares for passengers. Despite this setback, IndiGo’s shares have shown a 32% return over the past six months and a 35% growth in the last year.