IndiGo Meltdown: 400+ Flights Cancelled, DGCA Notice, Shares Plummet

• IndiGo faces a major crisis with over 400 flights cancelled on day seven, causing widespread disruptions at major airports like Delhi, Bengaluru, and Hyderabad.
• The cancellations stem from staffing shortages, initially triggered by DGCA rule changes, leading to significant inconvenience for passengers regarding delays, cancellations, and refunds.
• IndiGo anticipates its network will stabilize by December 10; Rs 610 crore in refunds have been processed, and the airline is directed to improve passenger support.
• The DGCA issued a show-cause notice to IndiGo for "serious shortcomings" in management, citing failure to align staffing with new fatigue-management rules.
• IndiGo's stock dropped nearly 7%, wiping out Rs 36,000 crore in market value, while competitor SpiceJet saw its shares surge.

Why It Matters: IndiGo's flight cancellations are severely impacting travelers and the airline's market value.