IndiGo Shares Dive 2% on Market Share Loss, Pilot Pay Hike After Flight Disruptions

• IndiGo shares fell nearly 2% on December 30, trading at Rs 4,999 apiece.
• The airline's market share dropped to 63.6% in November from 65.6% in October.
• IndiGo hiked pilot allowances (layover, deadheading, hourly, night) to boost morale post-cancellations.
• This follows mass flight cancellations (4,500 flights) and regulatory scrutiny over operational disruptions.
• DGCA instructed IndiGo to cut winter schedule flights by 10% due to widespread delays.

Why It Matters: IndiGo's stock dropped due to declining market share and increased pilot allowances following operational chaos.