An Indian air company on Monday canceled over 1,800 flights in its country this month due to financial crisis, reflecting fierce competitions and some regulatory problems of the booming aviation market of the country.
Cash-strapped SpiceJet reported fifth straight quarter of net losses for the July-September period at 3.1 billion rupees (about 50 million US dollars). It also reported a loss of 5.59 billion rupees (90 million US dollars) in the same period last year.
The airline, which is part of Kalanithi Maran-led Sun Group, has canceled a total of 1,861 flights, a few to Nepal and all others connecting domestic cities till Dec. 31, SpiceJet said on its website.
Aviation regulator the Directorate General of Civil Aviation ( DGCA) was considering issuing a show-cause notice to the airline for defying its directives regarding advance bookings. It has asked the airline to stop taking bookings by Tuesday of more than one month in advance.