India's Indigo slides as flight disruptions roil travel, stoke cost concerns
Shares of India's IndiGo fell 7.5% on 6 January, poised for their worst session in more than a year, after a staffing crisis at the country's top airline triggered mass flight cancellations and fuelled concerns about spiralling costs.
The stock dropped to 4,974 rupees, its lowest level since 9 May. IndiGo is reeling from its worst operational crisis after a pilot shortage last week, compounded by inadequate planning for new rules on crew working hours, triggered thousands of flight cancellations, stranded passengers and forced the government to intervene to curb a spike in air fares.
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