IndiGo shares rise 23.7% in June, set for biggest monthly gain since March 2019

IndiGo shares have climbed 23.7% so far in June, putting the stock on track for its biggest monthly gain since March 2019. The rally comes as WTI and Brent crude prices have fallen about 42% from their March–April peaks, dropping below levels seen during the US-Iran war. Analysts say a temporary US-Iran understanding has eased supply concerns, alongside higher tanker traffic through the Strait of Hormuz, a temporary US waiver for already-loaded Iranian oil, and seasonally softer demand. Lower aviation turbine fuel (ATF) costs are a key earnings tailwind for airlines.