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InterGlobe Aviation shares fell sharply on Thursday after Competition Commission of India (CCI) ordered initiating a detailed investigation into IndiGo over alleged unfair business practices. The stock dropped over 3% during the morning session. On the BSE, shares of the airline’s parent company slid 3.65% to Rs 4,782.45, while on the NSE they declined 3.63%…
Worried about your InterGlobe Aviation investment after IndiGo’s recent operational crisis? HSBC has urged IndiGo investors to look past the dramatic scenes surrounding InterGlobe Aviation over the past week, saying the chaos has not altered the airline’s long-term prospects. The brokerage acknowledged the scale of the disruption but concluded that the airline’s fundamentals remain unbroken,…
Shares of InterGlobe Aviation, the parent of IndiGo, have come under sharp pressure after large-scale flight disruptions linked to revised pilot duty norms, with the stock falling nearly 17% in just over a week.InterGlobe Aviation shares slipped from Rs 5,917 on November 27 to around Rs 4,913 on Tuesday, as the airline struggled with operational…
NEW DELHI: InterGlobe Aviation, the parent company of IndiGo, saw its stock plunge over 7% on Monday morning as the airline’s flight cancellations and disruptions extended into a seventh consecutive day. The shares dropped to Rs 4,976.40, down Rs 394.90 (7.35%) as of 11.25am on the BSE amid growing scrutiny from regulators and intensifying passenger…
As IndiGo battles an unprecedented operational crisis, the airline said its Board of InterGlobe Aviation is doing “everything possible” to ensure refunds for cancelled flights. The parent company has also set up a Crisis Management Group to monitor the situation, PTI reported. The operational crisis that has spanned across the sixth day has prompted both…
