IndiGo Parent InterGlobe Aviation Market Value Plummets ₹37,000 Crore Amid
Key Points
- 1IndiGo's parent company, InterGlobe Aviation, lost nearly ₹37,000 crore in market value following widespread flight disruptions.
- 2The significant operational chaos was primarily caused by IndiGo's failure to meet new flight duty-time regulations.
- 3Investor panic over flight cancellations and delays led to a substantial stock sell-off for the airline.
- 4A high-level crisis team is actively working to stabilize IndiGo's schedules and restore confidence, with operations reportedly improving.
InterGlobe Aviation, the parent company of Indian low-cost carrier IndiGo, witnessed a significant market value erosion of nearly ₹37,000 crore. This sharp decline was primarily driven by extensive flight cancellations and delays, which subsequently triggered a substantial sell-off of its stock by investors. The operational chaos stemmed from IndiGo's difficulties in adhering to recently implemented duty-time regulations for its flight crew.
The airline has acknowledged the severe disruptions and stated that its operations are now showing signs of improvement. In response to the crisis, IndiGo has deployed a high-level crisis management team. This team is actively working to stabilize flight schedules, minimize further passenger inconvenience, and restore investor and public confidence in the airline's operational reliability.
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