Moody’s says ‘IndiGo’s flight cancellations credit negative,’ warns of financial hit

The latest on IndiGo’s ongoing challenges – Moody’s Ratings has warned that the recent wave of flight disruptions at IndiGo is “credit negative” for the airline, as per a report by PTI. Moody’s also said that this could result in financial damage from loss of revenue as well as potential penalties for cancellations, as per the PTI report quoting Moody’s.

According to Moody’s this is a serious concern of failures in planning despite FDTL regulations being communicated to the industry more than a year in advance.