IndiGo Shares Soar 4% Despite ₹22 Crore DGCA Fine; Analysts See Fine as Low

• IndiGo's parent company, InterGlobe Aviation, was fined ₹22 crore by the DGCA for flight cancellations and delays.
• Despite the fine, IndiGo's shares jumped over 4% to ₹4927.00, driven by Jefferies' view that the fine was less than expected.
• The DGCA also mandated a ₹50 crore bank guarantee from IndiGo for systemic improvements.
• Between December 3-5, 2025, IndiGo canceled 2,507 flights and delayed 1,852, affecting over 3 lakh passengers.
• The fine of ₹20.40 crore was for non-compliance with regulations from December 5, 2025, to February 10, 2026, at ₹30 lakh per day.

Why It Matters: IndiGo shares surged despite a ₹22 crore DGCA fine, as analysts deemed the penalty lower than anticipated.