IndiGo Shares Drop 3% as DGCA Probes Massive Flight Cancellations

, the parent company of IndiGo, saw its share price tumble over 3% on December 4, 2025, hitting an intraday low of ₹5,405 — the lowest level in more than five months. The decline marks the second straight session of losses for the stock. The sharp fall comes amid widespread operational disruption at IndiGo, with around 200 flights cancelled across India on Wednesday alone — one of the airline’s worst breakdowns in recent years. Significant cancellations were reported at major hubs: at least 33 flights from Delhi, over 51 from Mumbai, and the disruption has continued into Thursday with nearly 73 flights cancelled at Bengaluru airport. The chaos has been largely attributed to an acute shortage of crew, especially pilots, following the implementation of revised Flight Duty Time Limitation (FDTL) norms by the Directorate General of Civil Aviation (DGCA) last month. The new rules require longer rest periods and more humane rostering, but IndiGo has struggled to adjust its schedules and crew deployment accordingly. In response, the DGCA has launched a probe into the cancellations, adding further pressure on the airline and its stock. Investors now await clarity on how quickly IndiGo can resolve the crew crunch and stabilise operations.