InterGlobe Aviation hits 52-week high after DGCA implements new guidelines for flight delays

InterGlobe Aviation, the parent company of IndiGo, touched a 52-week high of Rs 3131.95, while SpiceJet traded steadily in morning deals on BSE on Tuesday (January 16, 2024), following the implementation of new guidelines by the Directorate General of Civil Aviation (DGCA) in response to passengers’ concerns about flight delays.

The DGCA has introduced rules mandating airlines to keep passengers informed about actual flight delays through various communication channels, including emails, WhatsApp messages, SMSes, and their official websites.

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Post the regulatory development, InterGlobe Aviation’s stock, despite reaching a 52-week high earlier in the day, experienced a marginal decline of 0.70 percent or Rs 21.85, trading at Rs 3097.85 at 11 am on Tuesday.

Meanwhile, SpiceJet’s stock maintained stability, trading flat at Rs 65.45 in the morning session on Tuesday.