IndiGo shares in focus as airline cuts Q3 guidance for key metrics after flight disruptions

Shares of Interglobe Aviation Ltd., the parent of India's largest airline by market share, IndiGo, will remain in focus on Thursday, December 11, after it cut its guidance for various financial parameters for the third quarter of the current financial year.

The guidance cut was issued in the aftermath of the recent flight disruptions that crippled operations, left passengers stranded, and resulted in heavy financial losses.

IndiGo now expects its Average Seat Kilometer (ASK), a key metric used by airlines to measure their passenger carrying capacity to grow in high single to early double-digits, compared to the earlier guidance of growing in "high teens."

As a result, the guidance for Passenger Unit Revenue Per Available Seat Kilometer (PRASK) has also been revised downwards to mid-single digit decline for the December quarter, compared to the earlier guidance of flat to slight growth.

The airline went on to add in its exchange filing that the overall financial impact cannot be quantified at this stage.

"Measures undertaken to reset our operations resulted in cancellations of around 4,500 flights during that week which has resulted in loss of revenue and we also continue to provide passenger support services for the operational disruptions, for which, additional expenses are being incurred," IndiGo's statement read.

Shares of IndiGo ended 3.2% lower on Wednesday at ₹4,810, after having snapped a seven-day losing streak on Tuesday. The stock is now down 17% over the last one month and is on the verge of giving up all of its gains for 2025.

To be updated with more.