IndiGo has 'no choice' but to raise fares as fuel bill jumps 67%, says CEO

IndiGo has no choice but to raise fares to offset soaring fuel costs, CEO Willie Walsh said after the airline posted a ₹1,879 crore net loss for the September quarter. Its fuel bill rose 67.2% to nearly ₹9,967 crore, and only about 60% of the increase was recovered. Revenue grew 25.9% to ₹23,364 crore.