Moody's Terms IndiGo's Flight Chaos 'Credit Negative' Amid Planning Lapses

In a significant development, rating agency Moody's has slammed IndiGo for its operational meltdown, terming the ongoing flight disruptions as 'credit negative'. The agency highlighted 'significant lapses in planning' and oversight, pointing out that the airline failed to prepare for new aviation rules despite knowing them for a year. The transcript reveals that while IndiGo managed to operate most destinations after 'seven days of the fiasco', the crisis is far from over with thousands of cancellations still taking place. The report also underscores a complete collapse in communication, advising passengers to pre-check their flight status before heading to the airport. This backlash from Moody's adds to the mounting pressure on the airline, which is already facing severe criticism for the management of its winter schedule and pilot rosters.