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HSBC on IndiGo: No structural damage, no de-rating. Here's all you need to know

IndiGos worst operational meltdown led to thousands of cancellations, rising costs and reputational strain, but HSBC says the airlines long-term fundamentals remain intact. The brokerage cut its target price but kept a Buy rating, arguing that despite new pilot-duty rules and short-term disruptions, IndiGos cost advantage and market position are unchanged as operations begin to stabilise.

9 Dec 2025 11:47 am