IndiGo's parent company, InterGlobe Aviation, saw its shares drop significantly. This decline follows brokerage target price reductions and ongoing flight disruptions. The issues stem from new pilot duty time rules. IndiGo cancelled over a thousand flights in one day. The DGCA has issued a show-cause notice to the CEO. Analysts have mixed views on the airline's future performance.
IndiGo Fiasco: Brokerages cut target price amid large-scale flight cancellations, delays
The Economy Times Markets14 hrs ago
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