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IndiGo's market value plunges by ₹25Kcr amid flight cancelations
Business
IndiGo, India's largest airline, just took a big financial hit—losing ₹25,000 crore in market value after widespread flight cancelations.
Shares of its parent company dropped over 10% in six days, leaving more than 2.9 lakh everyday investors feeling the pinch.
What's causing the chaos—and what's next?
Since late November, IndiGo has been canceling hundreds of flights—around 500 on December 2 and 3 alone—mainly because of pilot shortages and strict duty time rules.
The disruption peaked when all flights from Delhi were canceled until midnight.
IndiGo says it's sorry for the mess and is aiming to get things back to normal by February 10, working with aviation authorities and hoping for some relief on night-time pilot restrictions.