Govt Caps Airfares as IndiGo Crisis Deepens; Board Forms Crisis Group

• IndiGo's board held an emergency meeting due to widespread flight cancellations and delays, forming a Crisis Management Group (CMG) to address the situation.
• The CMG includes Chairman Vikram Singh Mehta, Directors Greg Saretsky, Mike Whitaker, Amitabh Kant, and CEO Peter Elbers, meeting regularly to restore normal operations.
• IndiGo is offering refunds for cancelled flights and waiving cancellation/rescheduling fees to mitigate passenger inconvenience.
• The Union Ministry of Civil Aviation implemented fare caps on domestic flights (e.g., ₹7,500 for 0-500km) to stabilize prices amidst seat shortages and soaring fares caused by the crisis.
• Government intervention was prompted by other airlines drastically increasing fares (e.g., Delhi-Mumbai tickets over ₹28,000) due to IndiGo's reduced flight supply.

Why It Matters: Government capped airfares to protect passengers from price gouging during the IndiGo crisis.