The country’s largest airline IndiGo is in crisis. It is known that there is a severe disruption in flight services. Reasons like staff shortage, technical issues, and congestion at airports are leading to flight cancellations. The company has canceled 250 to 300 flights in the last two days. The DGCA announced on Wednesday that 1,232 services have been canceled in November. IndiGo shares fell sharply during these problems.
IndiGo’s parent company InterGlobe Aviation’s share price fell sharply for the second consecutive day. IndiGo shares fell by more than 3 percent on the NSE today amid the flight cancellation controversy. Each stock fell to Rs 5,405 this morning. Reports say that IndiGo’s stock value has fallen by almost 6 percent in the last five days.
