InterGlobe Aviation, the parent company of IndiGo, saw its shares edge up 1.31% to Rs 4,988 on Tuesday, even as the airline was directed to cut 10% of its planned flights following a wave of cancellations last week. The stock gained Rs 64.50 during the session.
India ordered the country’s largest airline to trim its winter schedule after IndiGo scrapped over 2,000 services last week due to what officials described as poor pilot roster planning, which left tens of thousands of passengers stranded. Civil aviation minister Ram Mohan Naidu announced the move on X, raising the reduction from an earlier 5% after a review meeting with IndiGo CEO Pieter Elbers, who skipped a major industry event in London to manage the crisis.
The directive is expected to take out at least 220 daily flights from IndiGo’s network, based on pre-November 1 operations before new pilot rest and duty norms came into effect. Naidu said the cut was necessary to stabilise operations and bring down cancellations.
IndiGo confirmed late on Tuesday that it had received the DGCA notice mandating a 10% reduction across its domestic winter schedule. The airline had cancelled more than 1,000 flights on Friday alone to reset its network, though CEO Pieter Elbers maintained earlier in the day that operations were “fully stabilised.”
