The decline in share prices of IndiGo's parent company, InterGlobe Aviation, shows no signs of stopping. Since last week, when IndiGo's flight services faced disruptions, share prices began falling. This trend continued this week as well. On Monday, IndiGo's share price dropped by more than 7 per cent.
IndiGo's service disruptions began after the Directorate General of Civil Aviation introduced new rules regarding rest periods for pilots and flight crew. IndiGo cancelled multiple flights between various cities across the country. More than a thousand flights have been cancelled since last week. This has caused extreme inconvenience to passengers. The DGCA recently sent a show-cause notice to IndiGo regarding this matter. Flight delays and cancellations occurred on Monday as well. Experts believe that IndiGo's share price decline continues due to this series of ongoing incidents.
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Along with Monday's decline, this stock has fallen by nearly 14.5 per cent over the past five trading sessions. The price has also dropped by more than 11 per cent over the past month. This stock has been down over the past 6 months. However, IndiGo's share price has risen by more than 10 per cent over the past year. This company's stock has also provided attractive returns to investors over the past five years. However, this stock's price has been declining for the past seven sessions.
However, this company's net loss amount has increased in the second quarter of the current financial year. It has increased several times compared to last year. And although net loss has decreased, this airline's revenue has increased.
