IndiGo disruptions are ‘credit negative’ for the airline: Moody’s

THE WIDESPREAD DISRUPTIONS in IndiGo flights, resulting from the airline’s failure to plan for aviation regulations communicated to industry more than a year in advance, could result in financial damage from loss of revenue as well as potential penalties for cancellations, Moody’s Ratings said.

- PRESS TRUST OF INDIA

In a note, Moody’s said the disruptions are “credit negative” for the airline. “Despite temporary reprieve, failure to effectively plan for new aviation regulations is credit negative.”