In signs of mounting troubles for the budget airline, cash-strapped Spicejet has cancelled over 1,800 flights across the country for the current month. The carrier cancelled a total of 1,861 flights, a few to Kathmandu in Nepal and all others connecting domestic cities, till December 31.
Further, this development comes at a time when the aviation regulator DGCA was considering issuing a show-cause notice to the airline for defying its directives regarding advance bookings.
Besides, Airports Authority of India (AAI) is also considering putting SpiceJet on ‘cash-and-carry mode’ if it fails to furnish a bank guarantee against its dues to the airport operator, which stands at around Rs 200 crore.
SpiceJet is India’s most preferred airline that delivers lowest airfares with the highest consumer value. The airline currently operates more than 350 daily flights to over 44 Indian cities and 9 international destinations. The airline has been registering loss for last five consecutive quarters. The Net loss for the quarter ended September 2014 was Rs 310.4 crore as compared to net loss of Rs -559.4 crore of corresponding quarter ended September 2013.
