Shares of InterGlobe Aviation Ltd (IndiGo) fell 3% after touching a dayβs high of Rs 5,573 on 4th December, after the airline reported one of its most severe operational breakdowns in recent years, causing widespread delays and cancellations across the country.
An estimated 250 to 300 flights have been cancelled over the past two days.
IndiGo apologised for the large-scale disruptions, saying several unexpected operational issues caused the delays and cancellations. The airline said minor technical glitches, winter schedule changes, bad weather, heavy airport congestion and new crew rostering rules all combined to strain its operations in ways it did not foresee.
IndiGo said it is making calibrated schedule adjustments for the next 48 hours to stabilise operations and improve on-time performance. Passengers affected by the disruptions are being offered alternative flights or refunds, where applicable.
At 12:17 PM, shares of IndiGo were trading 1.62% lower at Rs 5,505 on NSE.
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