IndiGo stocks slide 4% as oil jumps past $107, ATF worries mount- Grow Mudra

IndiGo stocks slide 4% as oil jumps past $107, ATF worries mount

02 Apr , 2026 By : Debdeep Gupta

Shares of InterGlobe Aviation Ltd declined on Thursday as rising crude oil prices weighed on aviation stocks. The stock was trading at Rs 4,003.50 on the BSE, down Rs 177.30 or 4.24%.

The decline came amid a sharp rally in global oil prices, with Brent crude climbing above $107 per barrel following US President Donald Trump's address, where he signalled further escalation in the Iran conflict and offered no clear timeline for its resolution.

Adding to concerns, IndiGo on Wednesday said it will increase fuel charges across domestic and international routes for bookings made from April 2, citing a steep rise in aviation turbine fuel (ATF) prices.

In a statement, the airline said, "All bookings made from 0001 hrs on 02 April 2026 will include revised fuel charges," adding that the revision follows a surge of over 130% month-on-month in jet fuel prices, according to IATA's Jet Fuel Monitor.

For domestic routes, fuel charges have been adjusted based on distance bands, with only a partial pass-through of rising costs permitted.

Amid raging West Asia war, India increased the ATF prices with some cushioning for the domestic airlines. As per the government’s order, domestic airlines will see an effective increase of about 8.5%, as they will pay only half the rate applicable to other operators such as non-scheduled and charter services.

Meanwhile, earlier this week, India's low-cost carrier named former British Airways chief William Walsh as its new CEO, following the sudden exit of Pieter Elbers less than three weeks ago.

Walsh, widely known as Willie and a veteran of the aviation industry, currently serves as Director General of the International Air Transport Association. His tenure at IATA ends on July 31, and he is expected to join IndiGo no later than August 3, the airline said.

IndiGo remains India's largest airline, commanding a market share of nearly 64% with a fleet of 440 aircraft as of end-December. The carrier operates more than 2,200 daily flights, connecting 95 domestic and over 40 international destinations, and has emerged as a key player in the country's aviation growth story with its focus on low fares and on-time performance.