On December 4, the stock of IndiGo’s parent business, InterGlobe Aviation, dropped more than 3%. After the airline had a significant number of flight disruptions nationwide, the stock has prolonged losses for the second straight day.
The shares sank to Rs 5,405 each in the morning, the lowest level witnessed by the firm in more than five months.
IndiGo’s flight cancellations:
Wednesday saw the cancellation of almost 200 IndiGo flights, which is one of the worst operational issues the airline has had in recent memory. Following the implementation of updated Flight Duty Time Limitation (FDTL) regulations last month, there is a severe crew shortage, especially among pilots, which is a major contributing reason to the turmoil. IndiGo has been having difficulty realigning its network in accordance with the new regulations, which require additional rest hours and kinder schedules.
According Indian news agency PTI, at least 33 planes were canceled at Delhi’s Indira Gandhi International Airport. The Chhatrapati Shivaji Maharaj International Airport in Mumbai had to cancel more than fifty-one flights.
The flight disruptions have spilled over to Thursday as well. Passengers were further inconvenienced by the cancellation of about 73 flights at Bengaluru’s Kempegowda International Airport.
IndiGo expresses apology:
After the considerable number of cancellations, IndiGo issued an apology. An IndiGo representative said, “We realize that IndiGo’s operations have been considerably impacted throughout the network for the last two days, and we sincerely regret to our customers for the inconvenience caused.”
“A multitude of unanticipated operational obstacles — including minor technical malfunctions, timetable adjustments due to the winter season, severe weather conditions, Increased congestion in the aviation system, and the adoption of new crew rostering regulations (Flight Duty Time Limitations) — had a negative compounding influence on our operations in a manner that was not practicable to be anticipated,” the representative added.
The representative said that IndiGo has started making calibrated schedule modifications in order to control the interruption and restore stability. These restrictions will stay in place for the next 48 hours and will enable the airline to restore its operations and eventually regain its punctuality throughout the network.
DGCA requests an investigation:
The aviation authority DGCA said on Wednesday that it is looking into the flight interruptions and has requested a report from the airline.
“The Directorate General of Civil Aviation is presently reviewing the matter and assessing solutions jointly with the airline, to prevent cancellations and delays, in order to avoid annoyance being given to passengers… According to the statement, “Indigo has been ordered to report to DGCA, Headquarters to provide the facts leading up to the current situation along with strategies to alleviate the continuous delays & cancellations.”
IndiGo share price:
IndiGo shares had dropped by almost 2% earlier yesterday, closing at Rs 5,595.50 each. The stock has increased more than 2% over the last six months, but it has dropped over 6% during the last five days.
The stock is up more than 20 percent in 2025 thus far. Its P/E ratio now stands at above 32.
