By Admin 
The impact of the increasing tension between India and Pakistan is now visible at the international level as well and has suffered a big shock to Turk’s tourism and aviation sector. Especially in the shares of Turkish Airlines, there has been a decline of more than 10 percent in the last one month.
What is the whole matter?
In fact, India recently took action on terrorist bases in Pakistan and Pakistan Occupied Kashmir (POK) under ‘Operation Sindoor’. After this operation, the Turki openly supported Pakistan, which spread resentment among the Indian people.
This resentment had the most direct impact on Indian tourists going to Turki. According to Makmytrip, flight bookings for Turki have declined by 60 per cent in just one week and cancellations have increased by 250 per cent.
How big is the picture of loss?
Speaking to The Mint, Easemytrip chairman Nishant Pitti said that in 2023, about 2.87 lakh Indian tourists went to Turkas, which is 25 per cent higher than in 2022. Every Indian tourist spends an average of 1 lakh to 1.3 lakh rupees in the Turks. In total, in 2023, Indian tourists spent around Rs 3,000 crore in Turkas. Now that a large number of flights are canceling and new bookings are also stopping, the Turkes will hardly get this amount in the next few months.
Why did the shares of Turkish Airlines fall?
The shares of Turkish Airlines have fallen from 312.75 lira to 279.75 lira, ie about 10.5 per cent decline. Experts say that due to cancellation of Indian tourists flights and new bookings stalled, investors have started feeling that revenue may fall in the company’s upcoming quarters.
The political stand of Turki has not only affected its diplomacy, but is also clearly visible on its economy and stock market. It is also a strong message for India’s tourists that their decision can directly affect international companies.
Also read: Motilal Oswal Top Picks: 1,2,3 No … A total of 8 shares have a chance to earn a hurry, now even the brokerage firm said