Shares of SpiceJet fell by 3.74%, trading at ₹63.75 on the BSE at 9:22 AM, following the Directorate General of Civil Aviation’s (DGCA) decision to place the airline under enhanced surveillance with immediate effect.
The DGCA’s move comes amid concerns over SpiceJet’s operational stability, as the regulator aims to closely monitor the airline’s performance and compliance with safety protocols. This development has led to a decline in investor confidence, reflected in the stock’s negative performance in early trading.
SpiceJet, one of India’s leading low-cost carriers, has been facing various challenges in recent months, including financial constraints and operational issues. The enhanced surveillance by the DGCA is expected to put additional pressure on the airline as it navigates through these turbulent times.
Market analysts will be closely watching the impact of this regulatory action on SpiceJet’s future operations and financial performance. The airline’s ability to address the DGCA’s concerns and maintain its market position will be crucial in determining its long-term prospects.
