Business2 sources
IndiGo CEO signals potential airfare increase due to rising fuel costs
- IndiGo CEO Willie Walsh indicates a potential increase in airfares due to a sharp rise in fuel costs.
- Fuel costs have surged by 67.2 percent compared to last year, according to reports.
- Despite efforts to cut costs, Walsh states that the airline has limited room for further reductions.
- IndiGo reported a net loss of Rs 1,879.1 crore for the September quarter, highlighting financial challenges.