InterGlobe Aviation Ltd., the parent company of IndiGo, saw its stock decline sharply on Thursday as operational disruptions continued for a third straight day. Shares slipped 2.82% to Rs 5,437.50, down Rs 158 from the previous close, as per NSE data at 2:29 PM.
The fall comes just hours after the Directorate General of Civil Aviation (DGCA) summoned IndiGo’s senior leadership to its Delhi office. According to NDTV, DGCA officials have reached the airline’s headquarters seeking an immediate explanation for the ongoing meltdown.
321 flights cancelled today
The crisis deepened with 321 IndiGo flights cancelled today alone across major airports, adding to the nationwide disruption. This follows:
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200+ cancellations on Tuesday and Wednesday
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Thousands of passengers stranded at major hubs
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Severe crowding, long queues and repeated gate changes
This marks one of the worst operational breakdowns in Indian aviation in recent years.
MoCA confirms over 1,200 cancellations
According to the Ministry of Civil Aviation’s latest data:
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1,232 total cancellations have been recorded recently
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755 due to crew/FDTL constraints
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92 linked to ATC failures
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258 caused by airport or airspace restrictions
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127 classified under other reasons
Market reaction
Investors reacted nervously as the airline continued to struggle to stabilise operations. Shares hovered close to the day’s low of Rs 5,405, well below the previous close of Rs 5,595.50.
IndiGo’s market cap now stands at Rs 2.10 lakh crore.
With more cancellations expected, all eyes are on IndiGo’s crisis-mitigation plan, which the DGCA has demanded immediately.
