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IndiGo Shares Drop 3% as Flight Cancellations Trigger Investor Concern
IndiGo shares fall 3% as massive cancellations and regulatory pressure shake investor confidence.
Shares of InterGlobe Aviation, parent of IndiGo, fell around 3% on December 5 after widespread flight cancellations disrupted operations across India. The plunge comes amid over 500 cancelled flights, regulatory scrutiny, and uncertainty over when normal schedules will resume. The stock has dropped nearly 9% over the past week as investor confidence wavers. Markets now closely watch DGCA actions and IndiGo’s plans to restore service reliability.