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IndiGo's new CEO Willie Walsh held his first media briefing, flagging a 67% jump in fuel costs, a quarterly loss, and warning of more pressure in Q3
By ScoutQuest · · 1 min read
- Fuel cost increase
- 67 percent
- Quarterly loss
- 19 billion INR
- Seat factor decline
- 2 percent points
- Current XLR fleet
- 4 aircraft
- Planned XLR fleet next year
- 7 aircraft
Heard on business television between 13:15:52 - 13:18:52 IST.
- Fuel costs jumped 67%, with a quarterly loss of 19 billion rupees reported.
- Walsh warned fuel cost pressure could intensify further in Q3, historically the weakest quarter, though Q3 bookings remain robust.
- Seat factor (percentage of seats filled) fell about 2 percentage points in Q2.
- IndiGo remains unhedged on fuel, exposing it to price volatility; Walsh is reviewing the hedging policy, complicated since domestic rivals are also largely unhedged.
- Walsh said airport charges in India are too high and called for lower taxes to help airlines flourish; plans include expanding the XLR fleet from 4 to 7 aircraft next year, unlocking long-haul growth via A350, and a long-term presence at both Mumbai airports including Navi Mumbai.
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Source: Live TV News Channel · 2 Nov 2026
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