Not too long ago, IndiGo was flying high. Flights were packed. The airline was expanding rapidly. Aircraft orders were hitting record levels. The story around IndiGo was simple: it was the strongest symbol of India’s booming aviation market. Fast-forward to now, and the mood has clearly shifted. IndiGo hasn’t collapsed, but it’s struggling to stay airborne, and in doing so, it’s revealing the growing stress across Indian aviation.