26-05-2025
India-Pakistan crisis: Turkish Airlines share price crashes 10% in one month
India-Pakistan conflict: Turkey's tourism industry is reeling under the effect of the India-Pakistan conflict, with the shares of Turkish Airlines crashing over 10% in the last one month.
Turkey's public support for Pakistan after India's military operation against terrorist installations in Pakistan and Pakistan-occupied Kashmir sparked widespread cancellations from Indian travellers to the country.
MakeMyTrip, earlier this month, said flight bookings to Turkey have dropped by 60% in the last one week and cancellations surged by 250%.
Against this backdrop, Turk Hava Yollari AO or Turkish Airlines shares declined from 312.75 lira to 279.75 lira.
