IndiGo sees a lot of opportunities; current industry situation challenging: CEO Willie Walsh
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Image used for representation purpose only. | Photo Credit: PTI
IndiGo sees a lot of opportunities and will navigate through the challenges in the industry, its CEO Willie Walsh said on Monday as he emphasised the airline's focus on excellent cost base.
At his first in-person briefing after taking charge as CEO in August, Mr. Walsh said the airline expects to start getting the wide-body A350 aircraft from the second quarter of 2028.
The airline has all the ingredients to succeed in the long haul market, he said.
Against the backdrop of rising fuel costs roiling profitability of airlines, Walsh said the situation is challenging for the industry and IndiGo will navigate through the challenges.
In the September quarter, IndiGo reported a loss of βΉ1,879.1 crore as higher fuel costs and rupee depreciation roiled the profitability. Amid the headwinds, the airline had also reduced the capacity.
"We see incredible opportunities," he added.
About the Navi Mumbai airport, Walsh said the airport provides a big opportunity for it and that the decision to partly shift international flights was taken in the airline's interest.
IndiGo operates over 2,100 flights daily and currently has an operational fleet of over 400 aircraft.
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