IndiGo CEO Explains Why Airline Has No Choice But To Raise Fares

Sky-high fuel costs are finally hitting passenger pockets hard as IndiGo announces it has <b>no choice</b> but to hike airfares. The airline reported a staggering <b>67.2% jump</b> in its fuel bill, reaching nearly <b>₹9,967 crore</b> year-on-year.<br><br>Corporate balance sheets love passing the buck down to the everyday flyer while cushioning their margins. Despite recovering only about 60% of this massive fuel price surge through fares and other measures, the airline is now looking at passengers to bridge the deficit.<br><br>Frequent flyers and budget travelers should prepare to pay significantly more for their upcoming flights as carriers rush to offset soaring operational expenditures.