Cathay Pacific, AirAsia X to Singapore Airlines: Global airline stocks nosedive up to 12% on US-Iran war by Live mint | March 2, 2026 1:19 pm | Indian Stocks, Market, News US-Iran war: The escalation of Middle East conflict led to a selloff in IndiGo and SpiceJet shares, with global airlines facing similar declines. Increased crude oil prices and flight cancellations raised operational costs.