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InterGlobe Aviation, the parent of IndiGo, reported a consolidated net loss of ₹2,536.9 crore for the quarter ended 31 March 2026, compared with a profit of ₹3,067.5 crore a year earlier. Revenue from operations rose 1.3 per cent to ₹22,438.4 crore, underscoring the pressure on margins even as traffic and network scale remained broadly resilient.

Foreign exchange was the biggest drag on earnings. The airline recorded a net forex loss of about ₹4,823 crore during the quarter, reversing a gain in the same period last year. More than half of IndiGo’s cost base is linked to the US dollar, leaving the carrier exposed to currency movements through aircraft leases, maintenance, engine costs and other overseas obligations.

The March-quarter performance also reflected the impact of higher aviation turbine fuel prices, which rose sharply as geopolitical tensions disrupted crude markets. Fuel remains the single largest variable cost for airlines, and IndiGo’s low-cost model has been tested by the combination of higher oil prices, a weaker rupee and operational restrictions affecting parts of its network.

Capacity growth slowed to 3.4 per cent during the quarter, far below the pace recorded a year earlier. The carrier faced route and scheduling challenges tied to West Asia airspace disruption, while higher fuel prices made some services less attractive commercially. IndiGo and other carriers have trimmed planned domestic schedules for June and July as they reassess deployment during the summer travel period.

The result marks a sharp reversal for an airline that has benefited from strong domestic demand, high aircraft utilisation and the weakness of smaller rivals. IndiGo still controls the largest share of the country’s aviation market and operates one of the world’s biggest aircraft order books, but the quarterly loss shows that scale alone cannot fully offset external shocks.

Operationally, the airline continued to expand its network and strengthen international connectivity, including services aimed at capturing longer-haul demand from South Asia to Europe, the Gulf and Southeast Asia. Management has been pushing a broader transformation from a predominantly domestic low-cost carrier into a larger international operator with premium options on select routes.

That strategy requires higher spending, more complex aircraft deployment and deeper exposure to foreign-currency costs. Lease liabilities, engine maintenance obligations and airport charges in overseas markets are all sensitive to exchange-rate movement. The quarter therefore highlights a central challenge for IndiGo: maintaining its cost advantage while moving into markets where volatility is harder to absorb.

The airline is also evaluating a broader hedging approach for fuel and currency exposure. IndiGo has traditionally kept a limited fuel-hedging position, relying instead on operational efficiency and scale. The latest loss could accelerate a shift towards more active risk management, particularly if crude prices remain elevated and the rupee stays under pressure.

Passenger demand has not collapsed, but softer discretionary travel linked to higher fares and regional uncertainty has added pressure. Airlines have sought to pass part of the fuel-cost increase to passengers, yet fare hikes can weaken price-sensitive demand, especially in the low-cost segment. That balance is becoming more difficult as carriers deal with aircraft shortages, engine inspections and congested airports.

IndiGo’s cost structure also faced pressure from labour-related provisions and broader inflation in staff, airport and maintenance expenses. The company has been adding pilots, cabin crew and engineering capacity to support network growth, while aircraft groundings linked to engine issues continue to affect industry-wide fleet planning.

Despite the quarterly loss, the airline remains better placed than many competitors because of its fleet scale, liquidity position and extensive domestic network. Its large Airbus order book gives it long-term growth visibility, while its high-frequency metro and regional operations provide strong load-factor support. The carrier’s ability to manage unit costs will be central to restoring profitability.

The board has approved a plan to deploy up to $450 million for aircraft, engines and other aviation assets, a move aimed at giving the airline more control over key operating inputs. That investment points to a longer-term effort to reduce dependence on leased capacity and improve flexibility in fleet management.

The ‘Xpress Sale’ is open for bookings from May 27 to May 31, 2026, with travel valid from June 15 to October 10. The discount applies to Lite and Value fare categories, giving passengers a wider window to plan summer, festive and early autumn trips across the carrier’s network. The airline began the sale through its website and mobile app on May 27, before widening access to major booking platforms from May 28.

The scale of the offer points to a calibrated push by Air India Express to fill capacity across a network that now spans 42 domestic and 17 international destinations. The carrier operates more than 500 daily flights and has been expanding its presence across South Asia, Southeast Asia and the Gulf, where demand is shaped by migrant traffic, family visits, business travel and holiday movement.

Passengers booking directly through the airline’s website or app during the sale are being offered zero convenience fees, adding a direct-channel incentive to the headline fare reduction. The campaign also includes additional benefits for Tata NeuPass members, including 20 per cent off Business Class fares, an extra discount of up to ₹300 on flight bookings and the opportunity to earn up to 8 per cent NeuCoins.

The Business Class offer covers seats with extra legroom, complimentary hot meals under the airline’s Gourmair product, enhanced check-in baggage allowance and priority services under Xpress Ahead. The airline is also offering up to 30 per cent off selected add-ons, including meals, seat selection, excess check-in baggage and extra cabin baggage options.

Air India Express is positioning the sale as both a demand-generation exercise and a customer-retention tool at a time when fare-sensitive travellers are comparing airlines more actively across direct platforms and online travel agencies. Promotional fare campaigns have become a central part of the low-cost aviation model, helping carriers improve forward bookings while encouraging passengers to buy optional services that raise ancillary revenue.

The offer arrives against a backdrop of steady aviation demand. Domestic air passenger traffic in FY2026 stood at about 167.7 million, reflecting moderate growth despite pressure from high operating costs and capacity adjustments across the sector. March 2026 alone recorded about 14.68 million domestic passengers, higher than both the previous month and the same month a year earlier.

Fuel remains one of the largest cost variables for airlines, often accounting for a major share of operating expenditure. Volatile jet fuel prices, currency pressure and airspace disruptions have added complexity to airline planning, making advance sales an important tool to manage load factors, cash flow and route economics. Discounted inventory can support demand on thinner routes while helping carriers protect aircraft utilisation during shoulder periods.

The campaign also fits into Air India Express’s broader transformation after the merger of AIX Connect with Air India Express was completed in October 2024. The merged low-cost carrier had a fleet of 88 aircraft at the time and has been working towards a larger narrow-body operation built around domestic and short-haul international markets.

The airline’s growth strategy includes a plan to more than double capacity over four to five years and build a fleet of more than 200 aircraft. Domestic routes are expected to take a larger share of capacity over time, rising towards about 60 per cent of operations, while short-haul international flying remains a key component of the network.

Gulf connectivity remains central to the carrier’s overseas strategy. Air India Express has been rebuilding and expanding services to West Asia, including Qatar, Bahrain, the UAE, Oman and Saudi Arabia, with more than 40 daily services to Gulf destinations after route resumptions and frequency additions. This market is especially important for travellers from Kerala, Karnataka, Tamil Nadu, Telangana and other states with deep labour, family and business links to the region.

The Al Hamra, operated by ADNOC Logistics & Services, was tracked leaving the Gulf with a cargo headed towards western India after weeks of restricted tanker movements through the narrow waterway. The vessel had stopped transmitting its position around April 19, when it was empty and near the eastern entrance of Hormuz, before reappearing with indications that it had loaded and moved through the passage.

The shipment is significant because it points to a cautious reopening of Gulf energy trade for selected cargoes, even as shipping remains constrained by security checks, insurance costs and uncertainty over whether the waterway can return to normal operations. The Strait of Hormuz links the Persian Gulf with the Gulf of Oman and the Arabian Sea, making it the most sensitive maritime route for Gulf oil and gas exports to Asia.

For India, the transit offers limited relief after weeks of pressure on energy logistics. The country relies heavily on imported LNG to supply fertiliser plants, city gas networks, refineries, power producers and industrial users. Western India, where several import terminals are located, is a critical landing point for Gulf cargoes because of its proximity to major gas-consuming states and pipeline networks.

The war that began on February 28 led to a sharp fall in tanker traffic through Hormuz, leaving ships idle inside the Gulf and forcing buyers to consider alternative cargoes from outside the region. LNG, crude oil and liquefied petroleum gas flows were all affected, with importers seeking supplies from the United States, Africa and Southeast Asia where available. The disruption came at a sensitive time for Asian buyers, with summer demand rising and spot cargoes becoming more costly.

Around one-fifth of global LNG trade passes through Hormuz in normal conditions. Qatar is the dominant LNG exporter through the route, while the UAE also ships cargoes from its Das Island facility. Asia receives the overwhelming share of Hormuz-linked LNG, with China, India and South Korea among the leading destinations. Any sustained restriction therefore has an immediate effect on Asian gas pricing and supply planning.

India’s LNG import system has expanded over the past decade, but dependence on seaborne supply remains a strategic vulnerability. The country has operational terminals at Dahej, Hazira, Dabhol, Kochi, Ennore, Mundra and Dhamra, with combined capacity of nearly 48 million tonnes a year. Dahej in Gujarat remains the most important facility, serving fertiliser units, refineries, power plants and city gas distributors across northern and western markets.

The Al Hamra movement follows earlier signs that limited LNG traffic had resumed through the chokepoint. The Mubaraz, another LNG tanker linked to the UAE, crossed out of the Gulf in late April after weeks of inactivity, becoming the first loaded LNG shipment to exit Hormuz since the conflict began. A second ADNOC-linked LNG tanker followed in early May, showing that Gulf suppliers were testing the scope for controlled departures.

Shipping executives and energy traders remain cautious, however. Vessel owners are facing higher war-risk premiums, tighter routing decisions and uncertainty over whether transponders should remain active in conflict-sensitive waters. Some tankers have switched off tracking systems for security reasons, making it harder for buyers and market participants to confirm loading and transit details in real time.

India has also been dealing with pressure in LPG supply, a politically sensitive segment because of household cooking fuel demand. Several LPG cargoes linked to India were stranded or delayed after the Hormuz disruption, prompting authorities to prioritise the return of ships already inside the Gulf before sending more vessels into the area. That approach reflects a broader effort to balance energy security with crew safety and insurance exposure.

Located in Minamisenba, Chuo Ward, the hotel sits in the heart of Osaka’s vibrant Shinsaibashi district—one of the city’s most popular areas for shopping, dining, and nightlife. The hotel is just steps from Shinsaibashi Station, with immediate access from North Exit 3 for seamless connectivity across the city. With more than 300 rooms, the property will be the largest Travelodge hotel in Japan and one of the biggest in the Shinsaibashi area, offering newly renovated, modern accommodation for both leisure and business travelers.

“We are excited to introduce Travelodge Osaka Shinsaibashi to our hotel collection in Japan. It is an important milestone that reflects Travelodge Hotels Asia’s commitment to regional growth, especially in Japan,” said Pinky Lam, Chief Operating Officer of Travelodge Hotels Asia. “Osaka continues to attract travelers from around the world, and we are confident in our ability to continue delivering our signature experience—comfortable stays in strategic locations at great value—in one of the city’s most dynamic districts.”

Comfortable Rooms for Every Traveler

The hotel offers a range of thoughtfully designed rooms to suit different travel needs, from solo travelers to groups.

Room categories include:

• Standard Double – A comfortable option for solo travelers or couples
• Standard Twin – Ideal for friends or travel companions
• Friends & Family Triple – Designed for small groups or families
• Friends & Family Quadruple – Suitable for families or group stays

Prime Location in the Heart of Osaka

Guests will enjoy convenient access to Osaka’s top attractions, including the iconic Dotonbori, just a 10-minute walk away and known for its vibrant neon lights and street food scene.

Other nearby attractions include:

• Amerikamura — a lively hub for youth culture, street fashion, and cafés
• Midōsuji — a major boulevard known for shopping and seasonal illuminations
• Namba Parks — a popular shopping complex with a rooftop garden
• Honmachi — a central business district with offices and commercial centers
• Yodoyabashi — Osaka’s financial hub, home to banks and leading companies

With multiple transport stations within walking distance, guests can also easily access major attractions across the city, including Osaka Aquarium Kaiyukan.

Exclusive Pre-Order Sale

To celebrate the upcoming opening, Travelodge Hotels Asia is launching a limited-time Pre-Order Sale, offering 50% off stays at Travelodge Osaka Shinsaibashi.

The promotion is available exclusively for bookings made through www.travelodgehotels.asia, allowing guests to secure exceptional value for upcoming trips—whether for summer holidays, autumn foliage season, winter festivities, or spring travel next year.

Strengthening Travelodge’s Presence in Japan

The opening marks another milestone for Travelodge Hotels Asia as it continues to expand across key destinations in Asia. With its prime location, large room inventory, and accessible pricing, the hotel is expected to become a preferred choice for travelers seeking accommodation near Shinsaibashi, Dotonbori, and Namba.

More details about the hotel and its opening promotions will be announced closer to the launch.

Hashtag: #TravelodgeHotelsAsia #TravelodgeOsakaShinsaibashi

The issuer is solely responsible for the content of this announcement.

About Travelodge Hotels (Asia)

Travelodge Hotels Asia is a fast-growing hotel management and franchise company headquartered in Singapore, with operations across Japan, South Korea, Singapore, Hong Kong, Malaysia, and Thailand.

With 20 hotels currently in operation and plans to expand to over 50 properties by 2030, the company focuses on delivering value-driven stays in strategic locations. Backed by more than 80 years of global brand heritage, Travelodge offers its signature experience centered on comfort, convenience, and connectivity.

ECOVACS is rolling out limited-time, high-impact deals on Amazon India from 8^th to 13^th May, with discounts of up to 75%, making this the perfect moment for first-time consumers to switch from manual to intelligent cleaning and upgrade their routines with cutting-edge technology. ECOVACS’ entry-level range makes that transition seamless.

From everyday dust to hard-to-reach corners and even windows, ECOVACS Robotics cleaning solutions deliver full-home coverage, blending intelligent technology with powerful performance and seamless automation to take the stress out of summer cleaning.

The DEEBOT N50 Pro OMNI brings this vision to life with a powerful combination of vacuuming and intelligent mopping, effortlessly tackling dust, debris, and pet hair across all floor types. With up to 300 minutes of runtime, anti-hair tangle technology, and intuitive app-enabled controls, users can easily customize schedules, zones, and cleaning modes right from their smartphones or wearable devices—making smart living feel truly effortless.

Enhancing this experience further is the All-in-One OMNI Station, which streamlines maintenance with automated mop washing and drying, auto-refill, and dust emptying—delivering a hygienic, hands-free cleaning routine that keeps your home consistently fresh with minimal effort.

For homes with more compact layouts, the DEEBOT MINI is also part of the lineup. Designed to take up less space while still offering the All-in-One OMNI Station and a hands-free cleaning experience, this is another ideal choice for users seeking efficiency without compromising on performance.

As modern homes face rising levels of dust and pollution, maintaining cleanliness in homes goes beyond just floors. Windows, constantly exposed to outdoor dust and changing weather conditions, require equal attention to keep living spaces truly spotless. ECOVACS’ WINBOT robotic window cleaners address this by effectively removing dust, rain stains, and pollution buildup, leaving windows crystal-clear and helping your home shine from the inside out.

Beyond windows, the WINBOT MINI is also designed to clean a wide range of glass surfaces, including glass panels, balcony glass, and shower screens — ensuring comprehensive coverage across vertical spaces in the home.

Its compact and slim design enables it to access and clean areas that are often difficult to reach, such as narrow windows, spaces behind grills or railings, and other tight or confined surfaces. This makes it a practical solution for urban homes where accessibility can be a challenge.

Explore ECOVACS’ Summer Holiday deals to unlock special, limited-time pricing. Make the switch smarter this summer—to faster, easier, and more effective deep cleaning—at your fingertips. Visit ECOVACS’ official marketplace to grab these can’t-miss deals!

Hashtag: #ECOVACS

The issuer is solely responsible for the content of this announcement.