Minister vows action

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ON MONDAY, THE stock plunged 8.62% to settle at ₹4,907.50 apiece on the NSE.

The shares have been on a losing streak since November 28, when they closed at about ₹5,901 apiece. In the last seven sessions, the stock has slipped by 17%.

DGCA, in the meantime, has asked IndiGo to resubmit its detailed winter schedule, people aware of the development said. “The airline confirmed its ability to comply with FDTL norms on the very day the norms were implemented, yet it failed to do so. The winter schedule has been sought again to ascertain whether IndiGo can handle operations going forward,” they said.