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Axis, in particular is making its rewards programme less lucrative while also cracking down on potentially fake payments—something we’ve discussed before.

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.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
From airspace closures to fuel shocks, external factors expose deeper vulnerabilities at the Tata Sons-Singapore Airlines carrier.