IndiGo stock rises 2% amid surcharge update on rising jet fuel prices, West Asia schedule; what investors should know

During the pre-opening hours on NSE, IndiGo stock dropped 1.28% to ₹4,105, compared to ₹4,158.20 at the previous market close, according to the NSE data. The company filed the fuel surcharge update after the market operating hours on March 13.

“IndiGo is introducing a fuel charge on domestic and international routes, effective 00:01hrs on March 14, 2026,” the company informed the stock exchanges on Friday.

As of 9:45 a.m., IndiGo share price is trading 2.38% higher at ₹4,257.10 on Monday, compared to the previous market close.

How much will IndiGo ticket price rise?

IndiGo’s plan to increase prices comes due to the rising price of jet fuel after the ongoing geopolitical issues in West Asia. This additional cost will be included in the ticket price for “all new bookings” effective from March 14.

“Aviation Turbine Fuel represents a significant share of airlines’ operating cost. This sudden and steep increase will have a material impact on all airlines’ costs and network, including IndiGo’s,” said the airline.

In the NSE filing, IndiGo said that for routes within India and the Indian subcontinent, the fuel charges will increase the ticket prices by ₹425; for flights to the Middle East, the prices will rise by ₹900; for flights to South East Asia, China, Africa and West Asia, the prices will rise by ₹1,800.

All IndiGo flights to Europe will attract a ₹2,300 fuel surcharge to the ticket prices of the airline, as per the official announcement. Upstox reported earlier, citing IATA data that jet fuel or aviation turbine fuel (ATF) prices surged more than 58% amid the raging US-Iran conflict.

CITI Bank expects that, as the fuel surcharge is a blanket sector-wide surcharge, the overall impact on yield could be ‘fairly high’ at an estimated 8 to 10%.

Operational update amid West Asia crisis

On Saturday, March 14, IndiGo also shared an operational update, stating that the company will be operating 252 weekly round-trip flights from the West Asian Gulf nations as the airline ‘cautiously’ makes adjustments in its operation in the region between March 16 till March 28, 2026.

“IndiGo is almost back to operating its regular schedule with 126 weekly flights to/from Saudi Arabia and 28 weekly flights to/from Oman. Additionally, IndiGo’s will operate 98 weekly flights to/from UAE,” said the company in a filing on Saturday.

The airline will be operating the flights out of Abu Dhabi, Dubai, Muscat, Medina, Riyadh, and Jeddah international airports, as per the official announcement. Additionally, IndiGo also announced that the planned flight operations from Doha, Bahrain, Dammam, Fujairah, Ras Al Khaimah and Sharjah airports will remain closed till March 28.

IndiGo share price trend

Although IndiGo's stock price has given market investors more than 147% returns in the last five years and over 123% returns on their investment in the last three years, the shares of the low-cost airline lost 11.46% in the last one-year period, NSE data showed.

On a year-to-date (YTD) basis, IndiGo share price is down 18.56% so far in 2026, and has lost 15.76% in the last one-month period. The shares of the airline giant were trading 1.76% lower in the last five sessions on the Indian stock market.

Shares of IndiGo hit its 52-week high at ₹6,232.50 on August 18, 2025, while the 52-week low level was at ₹4,035, last week on March 9, 2026, according to the exchange data. The company’s market capitalisation was more than ₹1.60 lakh crore as of the trading session on Monday, March 16, 2026.