InterGlobe Aviation, the parent of IndiGo Airlines, saw its shares fall 8% on Monday due to a poor Q2 performance driven by high costs in a slow travel season.
IndiGo's stock closed at ₹4,015.50 on the BSE, erasing ₹13,481.88 crore in market value, as intra-day lows hit ₹3,778.50—a 13.42% dip. The decline reflects cost pressures from grounded aircraft and excess capacity relative to demand. IndiGo, India’s largest airline, faces continued challenges in balancing supply and demand, leaving its near-term outlook uncertain in a highly competitive market.