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The cargo arm, carved out of SpiceJet on the basis of the promise it showed during the pandemic, is now more appendage and less the trump card it was cracked up to be.

A drop in employee costs, despite the need to hire pilots under the new DGCA norms, raises fresh concerns about IndiGo’s staffing, and its vulnerability to a December 2025-scale disruption.
Dubai International Airport and Fujairah port were once again disrupted on Monday. Separately, there is a new warning that this conflict could result in the region’s worst crises in decades.
Investors have backed the founder’s move to ease out the airline’s CEO and take charge in the interim. But they should be worried about the airline’s dependence on him.