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Aviation competition concerns weigh on IndiGo stock
IndiGo shares slipped 2% after the government approved NOCs for two new airlines, triggering concerns over heightened competition, pricing pressure, and potential impact on market share in India’s aviation sector.
IndiGo shares declined 2% in trade after the government granted no-objection certificates to two new airlines, raising concerns around future competition in the domestic aviation market. Investors reacted to the potential impact on market share, pricing power, and yields. The development comes as IndiGo continues fleet expansion and capacity additions amid strong passenger demand and rising operational costs.