India, Oct. 29 -- IndiGo has "no choice" but to raise fares to offset rising fuel costs, CEO Willie Walsh said on Thursday after the carrier reported a net loss of Rs.1,879 crore in the September quarter. The airline's fuel bill surged 67.2% year-on-year to nearly Rs.9,967 crore, while it recovered only about 60% of the increase through fares and other measures.

The airline's revenue from operations rose 25.9% year-on-year to Rs.23,364 crore. Its net loss narrowed from Rs.2,582 crore in the same quarter last year, but high aviation fuel prices and the depreciation of the rupee continued to weigh on its finances.

Speaking about the impact of higher fuel costs, Walsh said, "No, we haven't been able to offset the very significant increase ...