Gulte Movie News And Politics
IndiGo shares have taken a big hit in the last one week. The stock of InterGlobe Aviation has fallen almost 20 % from recent highs, wiping out a huge amount of investor wealth. Today, Dec 8th, stock fell upto 9%. This sudden fall clearly shows how badly the current crisis has shaken market confidence.
The main problem began when new rules for crew rest and duty hours came into force. IndiGo could not plan its crew schedules properly, and this led to massive delays and cancellations across the country. Thousands of passengers in major airports like Delhi, Mumbai, Bengaluru and Hyderabad faced long waiting hours and last-minute chaos.
The situation got so serious that the aviation regulator sent a notice to the IndiGo CEO, increasing the pressure on the company. With so many flights cancelled, IndiGo now has to refund passengers, pay compensation and spend more money to stabilise operations. These costs come at a time when fuel, maintenance and staff expenses are already on the higher side. The weak rupee adds more burden because several airline expenses are linked to the dollar.
Because of all these issues, many analysts have cut their target price for the stock and turned cautious. IndiGo says it is slowly fixing schedules and will restore most flights soon. But experts warn that financial recovery will take time. The airline that usually dominates Indian skies now needs to rebuild trust among both passengers and investors.
Tags Indigo
