New Delhi, May 14 -- Air India Group clocked a record loss of more than $2 billion in Fiscal 2026, according to shareholder Singapore Airlines' annual report, as India's second-largest airline grappled with disruption from the Iran war and Pakistan's ban on Indian carriers from its airspace.

In the report released on Thursday, Singapore Airlines, which owns a 25% stake in Air India, said the Indian airline's loss amounted to 3.56 billion Singapore dollars, or $2.80 billion at current exchange rates, for the fiscal ended 31 March.

Singapore Airlines did not indicate the exchange rate it had used to calculate the loss. Reuters previously reported that Air India was expected to post an annual loss of over $2.12 billion.

The loss will be a...