Indigo Shares Slide After India's Largest Airline Battles Widespread Cancellations - video Dailymotion

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2 days ago

InterGlobe Aviation shares fell over 8% after IndiGo’s schedule collapsed under new pilot rest rules, cutting daily flights to a fraction of normal operations. The airline is restoring capacity and faces regulatory scrutiny over delays, cancellations, and refund handling.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Indigo's parent Interglobe Aviation saw shares drop more than 8% on Monday, according to CNBC.

00:09India's largest airline, which typically operates more than 2,300 flights a day,

00:15managed only 706 on Friday after new pilot rest rules took effect, causing major disruptions.

00:22Indigo said it operated 1,650 flights on Sunday and expects its network to stabilize by Wednesday.

00:28India's civil aviation minister ordered an investigation and warned of strict action for noncompliance.

00:34Passengers reported long delays and limited support,

00:36and Indigo has not confirmed whether all required refunds have been issued.

00:40The airline told regulators the disruption stemmed from challenges implementing revised flight duty time limitations,

00:45which were temporarily suspended after cancellations peaked.

00:48For all things money, visit Benzinga.com.

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