Shares of InterGlobe Aviation Ltd, the parent company of IndiGo, continued to witness a sharp decline in the stock markets, extending the downturn seen over the past week. The stock has already lost more than 9% over the last five trading sessions. On Monday, trading began with a steep fall of nearly 7%, before recovering partially. By 10 AM, the share price stood at Rs 5,160, down 3.92% (Rs 210.50).
Market analysts attribute the fall to operational setbacks triggered by IndiGo’s inability to comply with the DGCA’s revised Flight Duty Time Limit (FDTL) norms. The lapse resulted in widespread flight disruptions and cancellations, affecting thousands of passengers over the past few days. However, the airline began gradually restoring services on Monday and operated 1,650 flights, signalling movement toward normalcy.
The financial impact of the crisis has also been significant. The government announced on Sunday that IndiGo has disbursed ₹610 crore in refunds for cancelled and heavily delayed flights. It further stated that nearly 3,000 pieces of baggage stranded during the disruption have now been handed over to passengers. The airline is currently working to stabilise operations fully and regain consumer confidence amid market pressure.