look news india
Many companies around the world are facing problems in Microsoft servers. Air services have also been particularly affected. At that time, due to this technical glitch of Microsoft, the shares of airline companies fell drastically. Talking about India, the shares of Indigo Airlines saw a huge fall, due to which the company has incurred a loss of Rs 5300 crore.
Passengers informed IndiGo
While most airlines are currently facing inconvenience due to technical glitches, IndiGo said passengers may face issues over the weekend as well.
In this regard, IndiGo informed on its Twitter handle that the operational issues that caused the global outage have almost been resolved. Now the air service is running smoothly. It also said that passengers may face delays and schedule disruptions during the weekend.
can apply for full refund
On Saturday morning, IndiGo has warned passengers to check the status of their flight on their X handle before leaving for the airport. It has also been said that if a passenger's flight is cancelled, he can apply for an alternate flight or full refund. A link has also been provided by the company for this.
The company's shares fell
According to BSE data, IndiGo shares fell more than 3 per cent on Friday and the company's shares traded at Rs. 137.25 with a loss of Rs. 4,278.95. However, during the trading session, the company's shares also touched an intra-day low of Rs 4,251. While the company's stock opened at Rs 4,415. The company hit a 52-week high of Rs. 4,610, which was seen on June 10.
Loss of crores
The fall in shares has also caused a huge loss to the company's market cap. When the stock market closed on Thursday, the company's market cap was Rs. 1.55 crore. 1,70,539.48 crore. Which had reached Rs. 1,65,239.33 crore after the market closed on Friday. This means that on Friday the company's market cap increased by Rs 10,000. There has been a loss of Rs 5,300.15 crore.