IndiGo's Market Cap Plunges to 5th Globally Amid Operational Headwinds

• IndiGo has fallen from 1st to 5th in global airline market-cap rankings, now valued at around $21 billion.
• The airline's market capitalization dropped by $4.5 billion in a seven-session losing streak.
• The decline is attributed to large-scale flight cancellations due to new flight duty time limitation (FDTL) norms.
• Rising fuel prices, a weakening rupee, and increased crew expenses are also pressuring IndiGo's earnings.
• Moody's warned that ongoing delays and cancellations are "credit negative," potentially leading to revenue losses and penalties.

Why It Matters: IndiGo's decline signals broader airline industry issues affecting travel and service.