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.