IndiGo Share Price: Shares of InterGlobe Aviation, which operates IndiGo, today fell in the opening trade as the crisis entered the second week which was
triggered by an unexpected pilot shortage under new duty-time rules. IndiGo shares started the session on a gap down note with a cut of Rs 260.50 or 4.85 per cent at Rs 5110 versus the previous close of Rs 5370.50 on NSE. The counter made a low of Rs 5001, down 6.88 per cent. At 9:45 AM, IndiGo shares were seen traded in the red at Rs 5164, down 3.85 per cent. As many as 33.64 crore shares of the Gurugram headquartered company changed hands in the first 30 minutes of trade. It was also the top loser in the Nifty 50 pack at the time of writing this report. On BSE, IndiGo shares quoted 3.92 per cent lower at Rs 5161.00 with spurt in volume by more than 4.19 times. Today is the seventh straight session when IndiGo shares continued their southward journey, having lost around 15 per cent in the period. The stock is currently trading lower than all the key moving averages.
IndiGo Stock: Bearish Sentiment Continues
Speaking to ET NOW Swadesh, Chandan Taparia of Motilal Oswal said that IndiGo shares are in downtrend for the last 6-7 days and have crashed more than 10 per cent. The sentiment has definitely turned weak and a clear weakness is visible in the counter.
"My view is that the current short build up or the bearish sentiment could continue for now in IndiGo. We are seeing massive cancellations. Both the daily and weekly charts of IndiGo are weak," he said.
The analyst said that Rs 5420 is a stiff resistance. "The sentiment will remain weak in IndiGo until the level of Rs 5420 is not broken. On the lower side, IndiGo may test the level of Rs 5000," the analyst said.
IndiGo Operational Crisis
IndiGo, which handles nearly two-thirds of the domestic air traffic, is currently experiencing a major operational crisis involving mass flight cancellations and severe delays. The airline is struggling to stabilise its operations across the country.
On Sunday, IndiGo said, "Our teams are working relentlessly to stabilize operations, and our primary focus remains on providing an enhanced travel experience for our customers. We are making very significant progress in restoring our flight schedules and strengthening our customer support systems."
Aviation watchdog Directorate General of Civil Aviation (DGCA), on its part, has given more time to IndiGo CEO Pieter Elbers and the Accountable Manager Isidro Porqueras to submit their responses to the show causes notices seeking their explanations on the flight disruptions. Both have been granted 24 hours more or time till 6 pm on Monday to submit their replies.
IndiGo Crisis Reason
The DGCA introduced revised Flight Duty Time Limitations (FDTL) rules in phases, with full enforcement by November 1, 2025, to combat pilot fatigue and align Indian aviation with global safety standards. Under the new rules, weekly rest for pilots was raised from 36 to 48 hours; weekly number of landings a pilot can make from midnight to early morning cut to two from six earlier, maximum time pilots can fly in flights that stretch into the night capped at 10 hours, no more than two consecutive night duties and night flights defined more tightly (00.00 - 06.00 instead of earlier 00.00 - 05.00) - all of which dramatically reduced the number of flights a pilot can operate per week.
DGCA had originally notified the revised limits in January 2024. The revised rules were notified with immediate effect on May 31 last year, with airlines initially required to comply by June 1, 2024, but their implementation was deferred to a phased roll-out starting July 1, 2025, and completing by November 1 this year.
IndiGo is India's largest airline and it operates around 2,300 flights daily. The airline commands over 65 per cent of India's domestic market.
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