IndiGo acknowledged that it had failed to adequately plan for the compliance deadline.

IndiGo Shares Crash as DGCA Issues Show-Cause Notice Over Massive Flight Cancellations

India’s largest domestic airline, IndiGo, shares slumped a further 8% on Monday.It happened after a week-long collapse that erased roughly USD 4 billion from its market value. According to market sources, the airline’s total losses over the week amounted to about 16% and it brought its market capitalization to around USD 21 billion.

This comes amid a massive disruption after thousands of flights were cancelled following new norms, which came into effect on November 1. IndiGo acknowledged that it had failed to adequately plan for the compliance deadline.

On Monday, the airline cancelled 127 flights at Bengaluru and

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