Mumbai, Nov. 13 -- Post forex adjustment, net loss expanded to Rs 635.42 crore in Q2 FY26, against a net loss of Rs 447.54 crore in Q2 FY25.

The performance for the September quarter were primarily driven by impact of recalibrating dollar based future obligations along with carrying cost of grounded fleet and additional expenses incurred towards RTS. Continued airspace restrictions negatively impacted operations and resulted in a sharp escalation in operating costs.

Revenue from operations declined 14.4% YoY to Rs 730.14 crore in Q2 Sept 2025. The company reported negative EBITDAR (excluding forex) of Rs 203.80 crore in Q2 FY26 compared with negative EBITDAR (excluding forex) of Rs 58.87 crore in Q2 FY25.

In Q2 FY26, passenger revenue ...