IndiGo may raise fares further as fuel costs climb

IndiGo Chief Executive Willie Walsh said the airline may need to raise fares further as it seeks to offset a steep increase in jet fuel costs, after the carrier reported a consolidated net loss of Rs 18.8 billion for the quarter ended September 30, 2026. Walsh said IndiGo had recovered about 60% of the fuel-cost increase through fare rises and other measures, and could not rule out additional increases. The loss for the July-September quarter, Q2 FY27, compared with Rs 25.8 billion a year earlier. InterGlobe Aviation, IndiGo’s parent, reported fuel costs of nearly Rs 9.97 billion, up about 67% year over year. Revenue from operations rose about 26% to Rs 233.64 billion, while total expenses reached Rs 261.88 billion. Walsh said the airline would try to limit fare increases, noting IndiGo’s low-fare model, but said it had no choice but to consider raising prices to offset some of the increase in its fuel bill. The carrier had already revised fuel charges on domestic and international routes. Its latest revision took effect October 6, with charges varying by route and distance. Fuel costs were also affected by the widening premium of jet fuel over crude oil, known as the crack...