SpiceJet shares rally 15% in 3 days as rival IndiGo faces flight cancellations, delays

SpiceJet shares surged on Tuesday, extending a 3-day winning streak. This rise follows significant disruptions at rival IndiGo, India’s largest airline. IndiGo’s operational issues have created an opportunity for SpiceJet. The airline is now operating additional flights to assist stranded passengers. IndiGo’s parent company, InterGlobe Aviation, saw its stock slide further due to the ongoing crisis.