IndiGo shares jump over 9% after airline appoints new CEO

IndiGo shares jumped over 9% on Wednesday. Notably, this is the biggest single-day move for the stock since May 2022. This comes a day after IndiGo announced the appointment of ex-British Airways CEO William Walsh as its new chief executive, who will be succeeding Pieter Elbers. The move might have boosted investors' confidence in airline's strategic direction and operational recovery.