Indigo extends market slump after DGCA sends show cause noticeThe stock is set for a seventh straight session of losses after it cancelled thousands of flights last week.
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IndiGo flights cancelled at the Kempegowda International Airport
Credit: Reuters, PTI Photos
IndiGo slumped 4 per cent on Monday, extending its decline from last week, after getting a show cause notice from the country's aviation watchdog.
The stock is set for a seventh straight session of losses after it cancelled thousands of flights last week, leaving passengers stranded and forcing government action to limit a surge in airfares caused by the crisis.