IndiGo Shares Slip 2% After Government Orders 10% Flight Cut: What Brokerages Are Saying

on Ltd., the parent company of IndiGo, saw its shares decline over 2% on December 10, extending its losing streak to eight out of the last nine trading sessions. The fall comes after the central government directed India’s largest airline to curtail 10% of its scheduled flights amid widespread cancellations over the past week. Govt Steps In After Mass Cancellations Union Civil Aviation Minister Ram Mohan Naidu announced on X (formerly Twitter) that the ministry has mandated a 10% reduction in IndiGo’s total routes, an increase from the earlier 5% cut proposed. “The Ministry considers it necessary to curtail the overall Indigo routes, which will help in stabilizing the airline’s operations and lead to reduced cancellations. A curtailment of 10% has been ordered,” Naidu said in his post. The Minister also shared photos of his meeting with IndiGo CEO Pieter Elbers, who was summoned to explain the operational disruptions that caused chaos at major airports across the country.