IndiGo Shares Dip 1% After Airline Cuts Q3 Guidance Amid DGCA Schedule Cuts

• IndiGo shares fell 1% after the airline reduced its Q3 capacity and passenger unit revenue guidance.
• The airline's revised Q3 forecast now projects capacity growth in "high single to early double-digit percentage" and a "mid-single digit percentage downward moderation" in passenger unit revenue.
• The capacity cuts were mandated by the DGCA, which directed IndiGo to reduce its domestic winter schedule by 10% following mass flight cancellations.
• IndiGo had previously scrapped at least 2,000 services due to poor pilot roster planning, leading to stranded passengers.
• The DGCA's decision is also expected to impact IndiGo's fourth-quarter capacity outlook.

Why It Matters: IndiGo's reduced capacity and revenue forecast signals operational issues.