IndiGo Shares Plunge 7% Amid Flight Chaos; Crisis Group Formed

• IndiGo shares fell 7% in one day and 9% over five sessions due to operational disruptions and flight cancellations.
• The airline faced "severe operational disruptions," including over 1,000 flight cancellations on December 5 due to unforeseen system reboot issues.
• IndiGo formed a Crisis Management Group (CMG) with key management members to address delays, cancellations, and restore normal operations.
• The company's priority is to minimize passenger inconvenience, offer refunds/compensation, and restore operational integrity across its network.
• Despite recent issues, IndiGo remains a dominant player in Indian aviation, operating over 2,300 daily flights, and expects services to be fully restored soon.

Why It Matters: IndiGo's stock drop signals major operational issues affecting investors and flyers.