An 8-9 per cent FY26 earnings hit is all likely for InterGlobe Aviation (IndiGo) if the ongoing situation lasts for a total of 15 days, JM Financial warned on Monday. This does not include any penalty amount, it said.

The brokerage recalled Southwest Airlines' 2022 meltdown, which was one of the worst operational meltdowns in US aviation history during December 2022, when a winter storm combined with an outdated crew-scheduling system triggered nearly 16,900-17,000 flight cancellations and disrupted over 20 lakh passengers. Advertisement

The US Department of Transportation (DOT), it said, concluded that the scale of cancellations, poor communication, and a failure to provide timely refunds or rebooking constituted systemic consumer-protection violations.

"In December 2023, DOT imposed

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