The chaos at various Indian airports continued as India’s largest airline, IndiGo, cancelled more than 550 domestic and international flights. There have been widespread delays across multiple airports as “operational disruptions” persisted for the third straight day, impacting travel plans of hundreds of passengers.
Out of the 550 cancellations, Delhi airport saw at least 172 flight cancellations on Thursday, followed by 118 at Mumbai, 100 at Bangalore, 75 at Hyderabad, 35 at Kolkata, 26 at Chennai, and 11 at Goa. Cancellations were also reported at other airports across the country.
This is the third day when Indian airports are a chaotic situation. On Thursday, over 250 flights were canceled, with the carrier struggling to adapt to stringent new crew rostering rules. Earlier on Wednesday, this leading airline cancelled at least 150 flights and announced that it had initiated “calibrated adjustments” to its schedules for the next 48 hours.
In total, IndiGo faced over 1,200 cancellations in November, prompting the Directorate General of Civil Aviation (DGCA) to launch a probe. The airline has implemented measures to stabilise operations over the next 48 hours and gradually restore punctuality. With this, the parent company of IndiGo Airlines, InterGlobe Aviation, witnessed a sharp decline in share prices. On December 4, its share prices fell more than 3 percent.. The stock has extended losses for the second consecutive session after the airline saw a massive number of flight cancellations across the country.
The shares dropped to Rs 5,405 apiece on Thursday morning, and Rs. 5284, the lowest level seen by the stock in more than five months.
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