Shares of travel-sector companies, including IndiGo and SpiceJet, experienced a steep decline of up to 7% on Monday after Prime Minister Narendra Modi advised citizens to avoid non-essential foreign travel for at least a year. This recommendation comes amid concerns over the economic ramifications of the ongoing conflict in West Asia, which is affecting global energy supplies and driving up crude oil prices to $105 per barrel. As a result, airlines like IndiGo and SpiceJet saw their stocks fall by over 4%, with IndiGo reaching a low of ₹4,335 and SpiceJet dropping to ₹13.41. The Prime Minister's call for restraint aims to conserve foreign exchange reserves and promote domestic tourism, suggesting that citizens should prioritize local travel and celebrations over international trips. The rising costs of aviation turbine fuel (ATF), exacerbated by a weaker rupee, are putting pressure on airline margins, leading to higher airfares that could discourage travel demand. Modi emphasized the importance of civic responsibility during this crisis, urging citizens to adapt to remote working practices and reduce discretionary spending to help stabilize the economy.