IndiGo (InterGlobe Aviation, INGL.NS) shares tumbled 3% to ₹5,405—5-month low—amid massive flight cancellations (200+ flights) due to crew shortages from new FDTL norms, winter disruptions, and tech glitches. DGCA probe adds pressure as 9% weekly slide continues.
Stock Meltdown
InterGlobe Aviation shares crashed 3.4% intraday Dec 4 to ₹5,405 on BSE/NSE after 200+ cancellations hit Delhi, Mumbai, Bangalore airports. Stock extended 5-session rout (9% down), breaching key supports amid operational crisis. Rupee weakness and UDF hikes compound woes.
Operational Breakdown
DGCA launched probe into disruptions from FDTL implementation, crew shortages, winter schedules, software glitches, and A320 issues. IndiGo admitted "compounding impact" unforeseen; 550 flights affected recently. Analysts warn Q3 earnings hit, potential 16% further downside to ₹4,600 unless resolved.
Key Highlights
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Share Drop: -3% to ₹5,405 (5-month low).
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Cancellations: 200+ flights; 550 total disruptions.
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Triggers: FDTL norms, crew shortage, tech glitches.
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Outlook: Support ₹5,500; analysts see ₹4,600 risk.
Sources: Business Today, News18, Economic Times