IndiGo shares extend fall; crew shortage, DGCA scrutiny deepen crisis

• IndiGo shares fell 1.5% today, extending an 8-day decline and losing 17% in seven days, erasing Rs 40,000 crore in market value.
• The airline cancelled over 2,000 flights in six days due to a severe crew shortage, particularly pilots, following new Flight Duty Time Limitation (FDTL) norms.
• The Directorate General of Civil Aviation (DGCA) issued a show-cause notice to IndiGo's CEO for "significant lapses in planning" and insufficient preparation for the revised FDTL rules.
• Civil Aviation Minister stated the crisis stemmed from internal rostering and planning issues, assuring strict enforcement of passenger protection rules.

Why It Matters: IndiGo's crisis signals potential travel disruptions and financial risks for investors.