New Delhi, Dec. 9 -- Interglobe Aviation, operator of IndiGo airlines, share price is finally trading in green, snapping a seven-day losing streak. IndiGo stock was trading marginally up around 0.23% on Tuesday, December 9.

IndiGo stock crashed nearly 9% on Monday, marking as worst single-day drop since February 2022. The aviation stock has cracked over 13% in the past five sessions.

The multibagger aviation stock crashed after a recent surge in widespread flight cancellations. This has led to a massive reduction in its market capitalisation from Rs.2,40,637.92 crore to Rs.1,87,379.08 crore, indicating a loss of Rs.53,258.84 crore in its valuation. IndiGo's crisis has dealt a significant blow to both investors and travellers.

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