Dhaka, April 19 -- As Middle Eastern airspace remains restricted, Indian airlines are reshaping their summer schedules toward destinations in East and Southeast Asia and the Indian Ocean to offset losses from curtailed Gulf operations.

India's domestic carriers are expecting to face significant financial headwinds for the last fiscal year, FY26, driven by high aviation fuel prices, restricted Middle East schedules, and rupee depreciation.

Air India reported it incurred losses worth USD 2.4 billion during the period and has since sought fresh capital from Tata Group and Singapore Airlines.

Akasa Air recently announced a strategic push into Southeast Asia, adding the Vietnamese capital of Hanoi as its seventh international destination. T...