New Delhi: Moody’s Ratings on Monday called the widespread IndiGo flight disruptions a "credit negative" due to the airline's failure to plan effectively for new aviation regulations communicated over a year in advance, leading to major flight cancellations and operational challenges.

IndiGo faced over 1,600 flight cancellations on December 5, following more than 1,200 cancellations in November, and more than 500 flights were cancelled on Monday as disruptions continued amid peak winter schedules.

The rating agency highlighted IndiGo’s "significant lapses in planning, oversight and resource management" as the root cause. These issues have caused revenue loss from cancellations, refunds, compensation, and potential penalties from the Directorate General of Civil Aviation (DGCA).

Despite

See Full Page