IndiGo crisis: Market cap down $5B, Rahul Bhatia's net worth drops $1.5B

• IndiGo's market cap dropped by nearly $5 billion due to continuous stock decline from flight cancellations.
• Founder Rahul Bhatia's net worth fell by $1.5 billion, now below $10 billion for the first time in six months.
• The airline's stock has been under pressure, with shares falling in eight of the last nine sessions.
• IndiGo faces operational challenges from new Flight Duty Time Limit (FDTL) rules and Airbus software upgrade issues.
• Moody's warned that flight cancellations and delays are "credit negative," potentially leading to revenue loss from refunds, compensation, and DGCA penalties.

Why It Matters: IndiGo's flight crisis is severely hitting its market cap and founder Rahul Bhatia's net worth.