Following a decrease in Aviation Turbine Fuel (ATF) costs, IndiGo announced on Thursday that it would remove fuel charges from all domestic and international flights. According to the airlines, this action will take effect immediately.
The fuel charge was implemented in October 2023 due to the increase in ATF costs. The price of ATF increased for the fourth time in a row, to Rs 1,18,199.17 per kilolitre, a 5.14 percent increase over the previous month and a 2.32 percent increase year on year.
ATF prices fell about 6% in November 2023 and have continued to fall since then. In the new year, jet fuel costs in Delhi were reduced by 3.9% for the third month in a row, to Rs 1,01,993.17 per liter.
IndiGo claimed in October that gasoline rates would range from Rs 300 to Rs 1,000, depending on distance traveled. ATF can account for approximately 40% of an airline's costs. As a result, this may provide great relief when flying on low-cost carriers.
"Because ATF prices are volatile, we will continue to adjust our fares and components in response to changes in prices or market conditions." "IndiGo remains committed to its promise of providing our customers with affordable, on-time, courteous, and hassle-free travel," the airline stated in an official statement.
IndiGo's consolidated net profit for the three months ending September 30 was Rs 188.93 crore. When compared to the same period the previous year, the airline's revenue from operations increased by 19.57% to Rs 14,944 crore.