Why did IndiGo shares crash 10% today?
IndiGo parent Interglobe Aviation's shares tanked 10% to ₹3,929.50 on NSE on Monday after the company reported a ₹987-crore loss in Q2. It's a significant decline from a ₹189-crore profit in the same quarter last year and a profit of ₹2,728 crore in Q1 of FY25. The airline said earnings were impacted by headwinds related to groundings and fuel costs.