IndiGo sees significant growth opportunities despite rising fuel costs and other pressures facing the aviation industry, CEO Willie Walsh said on Monday, adding that the airline would focus on maintaining a competitive cost base while navigating the challenges.
At his first in-person briefing since taking charge as chief executive in August, Walsh said IndiGo expected to begin receiving wide-body Airbus A350 aircraft from the second quarter of 2028.
He said the airline had all the necessary ingredients to succeed in the long-haul market.
"We see incredible opportunities," Walsh said, while acknowledging the difficult operating environment for airlines.
The industry is facing pressure from higher fuel costs, which have affected airline profitability. IndiGo reported a net loss of Rs 1,879.1 crore in the July-September quarter, with elevated fuel expenses and rupee depreciation weighing on its financial performance.
"The situation is challenging for the industry and we will continue to navigate through the challenges," Walsh said.
IndiGo focuses on costs amid elevated fuel expenses
The airline has also reduced capacity in response to the operating pressures. In the September quarter, its fuel…