IndiGo’s parent company, InterGlobe Aviation, saw its shares rise significantly. This surge followed a penalty from the Directorate General of Civil Aviation for flight cancellations. Investors reacted positively as the fine was less than anticipated. The company had faced disruptions in December due to crew time limits and aircraft issues.
Higher costs, capacity curbs weigh on IndiGo shares after Q3 show
IndiGo’s shares fell on Friday following a significant drop in quarterly profit. Brokerages offered mixed views, citing short-term challenges like rising costs and currency issues.