The shares of InterGlobe Aviation, the parent company of IndiGo, fell more than 3 percent on December 4. The stock has extended losses for the second consecutive session after the airline saw massive number of flight cancellations across the country.
The shares dropped to Rs 5,405 apiece in the morning, the lowest level seen by the stock in more than five months.
IndiGo's flight cancellations:
Around 200 IndiGo flights were cancelled on Wednesday, making it airline's one of the most severe operational breakdowns in recent years. A significant factor behind the chaos is a sharp shortage of crew, particularly pilots, following the introduction of revised Flight Duty Time Limitation (FDTL) norms last month. The new rules mandate more rest hours and humane rosters, but IndiGo has been struggling to realign its network accordingly.
According to news agency PTI, at least 33 flights were cancelled at Delhi’s Indira Gandhi International Airport, while over 51 flights were cancelled from Mumbai’s Chhatrapati Shivaji Maharaj International Airport.
The flight cancellations have spilled over to Thursday as well. Nearly 73 flights were cancelled at Bengaluru’s Kempegowda International Airport, adding to the inconvenience of passengers.
After the significant number of cancellations, IndiGo issued an apology. “We acknowledge that IndiGo’s operations have been significantly disrupted across the network for the past two days, and we sincerely apologize to our customers for the inconvenience caused,” an IndiGo spokesperson stated.
“A multitude of unforeseen operational challenges — including minor technology glitches, schedule changes linked to the winter season, adverse weather conditions, increased congestion in the aviation system, and the implementation of updated crew rostering rules (Flight Duty Time Limitations) — had a negative compounding impact on our operations in a way that was not feasible to be anticipated,” the spokesperson said.
To contain the disruption and restore stability, the spokesperson said that IndiGo has initiated calibrated adjustments to our schedules. These measures will remain in place for the next 48 hours and will allow the airline to normalize its operations and progressively recover its punctuality across the network.
DGCA orders probe:
Aviation watchdog DGCA said on Wednesday that it is investigating the flight disruptions and has asked the airline to submit a report on the same.
“The Directorate General of Civil Aviation is currently investigating the situation and evaluating measures along with the airline, to reduce cancellations and delays, in order to minimise inconvenience being caused to passengers… Indigo has been asked to report to DGCA, Headquarters, to present the facts leading to the current situation along with plans to mitigate the ongoing delays & cancellations,” it said.
IndiGo share price:
Earlier yesterday, IndiGo shares had fallen around 2 percent to close at Rs 5,595.50 apiece. The stock has fallen around 6 percent in the past five days, but gained over 2 percent in the past six months.
The stock is up more than 20 percent in 2025 so far. Its P/E ratio currently stands at over 32.
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