Operational turmoil drags IndiGo lower as regulator tightens scrutiny on flight disruptions

IndiGo shares dropped over 4 percent as prolonged flight disruptions continued into the seventh day, while the DGCA tightened oversight and demanded a final CEO response by Monday evening.

Live Market Updates

Latest Financial News

negative
9 days ago

Operational turmoil drags IndiGo lower as regulator tightens scrutiny on flight disruptions

Operational turmoil drags IndiGo lower as regulator tightens scrutiny on flight disruptions
Market pressure intensified on InterGlobe Aviation shares as IndiGo’s nationwide operational disruption entered its seventh consecutive day. The stock fell over 4 percent to around 5,154 rupees in morning trade after Delhi airport warned passengers that flight delays and cancellations were likely to persist through the day. Over the past six days, the airline cancelled more than 2,000 flights, triggering baggage delays and refund complaints. On Sunday, IndiGo operated about 1,650 of its scheduled 2,300 flights. 
Companies:
  • InterGlobe Aviation
  • IndiGo