Major Indian low-cost airline IndiGo has announced that it will waive the fuel surcharge on its domestic and international flights, effective immediately.
The move comes in the wake of a reduction in aviation turbine fuel (ATF) prices, and is potentially set to see a reduction in airfares.
Fuel Surcharge Applied in October
The fuel surcharge was originally introduced in October 2023 following a surge in aviation turbine fuel prices.
Since the October price increase, ATF pricing declined in the following month by approximately 6%, with jet fuel pricing now cut for the third consecutive month as we enter the New Year.
Fuel costs typically represent a significant proportion of an airline’s operational overheads, and the Indian carrier has intimated that the reduction in fuel charges will see an adjustment in airfares.
In its official statement, IndiGo said: “As ATF prices are dynamic, we will continue to adjust our fares and components thereof, to respond to any change in prices or market conditions.”
“IndiGo remains committed to its promise of providing affordable, on-time, courteous, and hassle-free travel for our customers.”
IndiGo will now waive the fuel surcharge from its international and domestic flight services with immediate effect.
IndiGo, which celebrated its 17th anniversary last year, celebrated a historic milestone in December 2023 by becoming the first Indian airline to carry 100 million passengers in one calendar year.
In doing so, it has also become one of the fastest airlines to reach the 100 million passenger figure. In CY 2022, the airline welcomed 78 million passengers on board (slightly above pre-Covid19 levels).
The new milestone represented a 22% increase in passenger traffic for the low-cost carrier in 2023.
IndiGo also recently achieved another first for India, by becoming the first airline to operate more than 2,000 flights a day. Today, IndiGo operates to 118 destinations, including 32 international destinations.
Did you know AviationSource has two newsletters? One covers the general news and analysis of the industry as a whole, and the other to do with emergencies that take place throughout the year! To subscribe to our General News Newsletter, CLICK HERE!
To subscribe to our Emergencies, Accidents & Incidents Newsletter, CLICK HERE!
Click the photo to join our WhatsApp channel so then you can stay up to date with everything going on in the aviation industry!