Pakistan has extended its ban on Indian civilian and military aircraft from using its airspace for another month, until July 24, according to a Notice to Airmen (NOTAM) issued by the Pakistan Airports Authority (PAA) on Wednesday. The previous extension of the restriction was set to expire on June 24.
Details of the Airspace Restriction
The NOTAM stated that Pakistan's airspace will remain unavailable for Indian-registered aircraft, as well as aircraft operated, owned or leased by Indian airlines and operators, including military flights. The two countries have kept their airspaces closed to each other's carriers since late April 2025, following heightened tensions after a deadly attack in the Pahalgam area of Indian Illegally Occupied Jammu and Kashmir (IIOJK).
Impact on Air India
Meanwhile, Air India Group has reported losses exceeding $2 billion in the 2025–26 fiscal year, according to Singapore Airlines' annual report. Singapore Airlines, which holds a 25 per cent stake in Air India, said the group posted losses of 3.56 billion Singapore dollars (approximately $2.8 billion) for the year ending March 31, 2026. Reuters had earlier reported that Air India was expected to record annual losses above $2.12 billion.
The financial setback comes as the airline continues to face operational disruptions, including those linked to regional tensions and Pakistan's airspace restrictions on Indian carriers, forcing route adjustments and flight reductions.
Auditor's Observations
In its report, auditor KPMG noted indicators of impairment in Singapore Airlines' investment in Air India, citing difficult operating conditions and geopolitical uncertainty. Air India, which is not publicly listed and has yet to release its financial results to Indian regulators, declined to comment on the report. In the previous fiscal year (2024–25), the airline reported a standalone loss of $415 million, while consolidated losses, including Air India Express, stood at $1.13 billion.
