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New Delhi: InterGlobe Aviation, the parent company of IndiGo , saw its shares fall more than 3 per cent on Thursday as the airline continued to struggle with large-scale flight disruptions across the country.
The stock dropped to Rs 5,405 in the morning, its lowest level in over five months, and extended its decline for the second straight session. IndiGo faced one of its biggest operational setbacks in recent years, with around 200 flights cancelled on Wednesday.
The disruptions were mainly caused by a severe shortage of crew, particularly pilots, after the revised Flight Duty Time Limitation norms came into effect last month.
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