The disruptions and cancellations in IndiGo flights due to airline’s failure to plan for aviation regulations communicated to industry more than a year in advance could result in financial damage from loss of revenue as well as potential penalties for cancellations, Moody’s Ratings said on Monday.

PTI quoted a note by Moody’s stating that the disruptions are “credit negative" for the airline. “Despite temporary reprieve, failure to effectively plan for new aviation regulations is credit negative."

The flight cancellations started on December 2. The disruptions, which took place amid peak winter schedules, caused over 1,600 flight cancellations on December 5, after similar operational issues in November left more than 1,200 flights grounded. Over 500 flights were cancelled on Monday.

“Th

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