InterGlobe Aviation, the parent company of IndiGo, saw its stock price tumble over 7% on Monday, dropping to Rs 4,976.40, a fall of Rs 394.90 (7.35%) as of 11:25 AM on the Bombay Stock Exchange (BSE), amid ongoing flight cancellations and disruptions that have continued for a week, causing increasing frustration among passengers. The crisis intensified with over 250 cancellations reported from key hubs like Delhi and Bengaluru, where 134 flights were canceled in Delhi and around 117 in Bengaluru. IndiGo linked these disruptions to the implementation of new flight duty time limitation (FDTL) regulations, which required substantial adjustments to pilot schedules, raising concerns about the airline’s operational management. In response to these operational failures, the Directorate General of Civil Aviation (DGCA) has stepped up its scrutiny, extending the deadline for IndiGo’s top executives, including CEO Pieter Elbers and COO Isidro Porqueras, to respond to a show-cause notice regarding the large-scale operational failures, with a requirement to submit explanations by 6 PM on Monday. The situation is compounded by new duty-time regulations introduced in two phases on July 1 and November 1, which enforce longer weekly rest periods for pilots and limit the number of night landings. IndiGo has received temporary relaxations concerning these regulations until February 10, but its challenges in adapting raise questions about its operational resilience and service quality. Passengers and stakeholders continue to closely monitor the airline’s developments.
Digihunt is not a financial advisor and this is not investment advice.