BusinessPhoto: Amar BusinessIndiGo Reports ₹1,879 Crore Loss Due to High Fuel Costs, CEO Says Fare Hike...
IndiGo, India's largest airline, reported a loss of ₹1,879.1 crore in the September quarter despite a 24% increase in revenue to ₹24,311.9 crore. Rising aviation fuel prices and a weaker rupee increased operating costs to ₹26,188.4 crore, surpassing income. CEO Willie Walsh stated that fare hikes are necessary to offset rising fuel expenses, despite the airline's strong financial position and low-cost model.
Amar Business·




