IndiGo Shares Slip Over 1% After Airline Suspends Flight to Hong Kong, Shanghai & 4 More Routes Till September

IndiGo shares today were trading under selling pressure on Friday, June 5, after the airline announced a temporary suspension of flights to six international destinations due to weak seasonal demand and rising operating costs.

Shares of parent company InterGlobe Aviation, which operates the IndiGo airline, fell to an intraday low of Rs. 4,444 on the NSE in early trade. As of 1 PM the stock was trading at Rs. 4,457.20 down by 1.14%.

The stock had closed at Rs. 4,508.80 in the previous session and snapped a three-day gaining streak after investors reacted negatively to the airline's latest plan

IndiGo suspends flights to 6 international destinations

IndiGo on thursday announced that it will temporarily suspend operations to six international routes between July and September 2026. The airline said this is done due to seasonal network adjustment to improve the efficiency during the time of low travel demand.

The affected destinations include Langkawi in Malaysia, Krabi in Thailand, Ho Chi Minh City in Vietnam, Hong Kong, Shanghai in China, and Siem Reap in Cambodia.

Flights to Langkawi, Krabi, Ho Chi Minh City, Hong Kong and Shanghai will be suspended from July 1, 2026, while services to Siem Reap will be paused from July 3, 2026. The suspension is expected to remain in place until September 30, with bookings reopening from October 1, although services could resume earlier if market conditions improve.

Reason behind IndiGo suspending these routes

According to the airline, the decision has been taken because of two factors, first the traditionally weaker travel demand during the July-September quarter and second challenging cost environment.

The aviation sector has been struggling with elevated operating expenses, including aircraft leasing costs, maintenance expenses and other operational challenges.

IndiGo in its statement said the temporary route suspension will help optimize capacity deployment and improve profitability during the softer travel season.

The airline also clarified that there is no broader reduction in its international expansion plans. Even after these suspensions, IndiGo will continue operating more than 1,800 international flights every week across its extensive overseas network.

Brokerages remain bullish on IndiGo stock

Despite reporting a net loss of Rs. 2,536 crore in the March quarter and the recent route rationalisation measures, several brokerage firms remain optimistic about IndiGo's future.

Motilal Oswal has maintained a target price of Rs. 5,600 on the stock, while JM Financial has maintained its "ADD" rating on Indigo and assigned a target of Rs. 5,000, implying potential upside from current levels.

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