IndiGo Chaos Knocks Rahul Bhatia Out of $10 Billion Club

• IndiGo's operational issues caused founder Rahul Bhatia's net worth to drop by $1.5 billion, pushing him out of the $10 billion club to $9.1 billion.
• The airline's market cap lost nearly $5 billion due to flight cancellations, with its stock declining in eight of the past nine sessions.
• IndiGo faces a crisis due to new Flight Duty Time Limit (FDTL) norms, Airbus software upgrade problems affecting fleet availability, and higher crew costs.
• The Directorate General of Civil Aviation (DGCA) directed IndiGo to cut 10% of its flight schedule due to operational strain.
• Moody's termed the wave of cancellations "credit negative," warning of potential revenue losses from refunds, compensation, and regulatory penalties.

Why It Matters: IndiGo's operational woes show how corporate issues impact founder wealth.