Indigo Stocks Fall: Shares of InterGlobe Aviation, the company that runs IndiGo, fell by more than 3 percent today on December 4. Shares of the company opened at Rs 5499 on Sensex today and touched the high level of Rs 5574. The company’s stocks closed at Rs 5592 yesterday i.e. on Wednesday.
Let us tell you that the shares of the company have fallen for the second consecutive day because Indigo has suddenly canceled many flights across the country for the last few days. Due to this, the passengers are facing a lot of trouble and the pressure on the company’s shares has increased in the market. In such a situation, the confidence of the investors has also wavered a bit. In morning trade, the shares fell to Rs 5,405, which is the lowest level in the last five months.
Why were the flights cancelled?
According to Moneycontrol report, on Wednesday, Indigo suddenly canceled about 200 flights, which became the biggest operational crisis of the company in recent years. The main reason for this is the huge shortage of pilots and crew, because from last month new FDTL rules have come into effect in which it is necessary to give more rest and schedule to the pilots than before. IndiGo has not yet been able to adjust its flight network according to these new rules, that is why so many flights have to be canceled and passengers are getting worried.
Indigo apologized
According to news agency PTI, at least 33 flights were canceled from Delhi’s Indira Gandhi Airport, while more than 51 flights were canceled from Mumbai’s Chhatrapati Shivaji Maharaj Airport. This problem did not stop only on Wednesday, it continued on Thursday also. Around 73 flights were canceled from Bangalore’s Kempegowda Airport. In such a situation, the condition of the passengers has become worse, people are stuck at the airport for hours, there are long queues for changing tickets or refund and the important meeting-trip of many people has also got ruined.
Indigo has finally apologized. A company spokesperson said that our flights have been severely affected across the network for the last two days and we sincerely apologize for the inconvenience caused to passengers. Explaining the reason, he said that suddenly many troubles came together. A small technical glitch, schedule change during winter season, bad weather, overcrowding at airports and the implementation of new crew rota rules (FDTL rules giving more rest to pilots) made everything complicated. All these things happened simultaneously so it was difficult to predict in advance. We are trying to get everything sorted out as soon as possible.
Indigo said that we have thoughtfully made some changes in the schedule of our flights to overcome this problem and get everything back on track quickly. These changes will remain in place for the next 48 hours, so that all the flights of the company become normal again and gradually flights can start on time across the entire network.
Pressure on company shares
Talking about the shares of the company, there has been a decline of about 6 percent in the last five days because the cancellation of flights has raised questions on the credibility of the company. There has been a decline of 2.57 percent in the company’s shares in the last 3 months, but if seen from the perspective of six months, there has been an increase of more than 2 percent. So far in 2025, the stock has increased by more than 20 percent, which shows that the company is standing strong in the long run.
