RegulatoryCNBC-TV18
SpiceJet cancellations mount, airline operating barely half its scheduled flights
Negative-61
GreyOak summary
SpiceJet is cancelling 25-30 flights daily due to a cash crunch, with 3 wet-leased aircraft grounded. Operational data shows flights dropped to 26 on November 9, while market share fell to 0.6% in September. The airline has unpaid salaries and statutory dues, causing shares to fall on the BSE.
What it affects
- SPICEJETNegative -61
Cancels 25-30 daily flights amid cash crunch.Rolling sentiment Negative -78
Source
Read the original at CNBC-TV18More SPICEJET news
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