RegulatoryNDTV Profit
SpiceJet faces fleet shrink, high cancellations and refund woes
Negative-25
GreyOak summary
SpiceJet is experiencing severe operational strain with flight cancellations and delays reported across multiple routes. DGCA data shows an 83.4% on-time miss rate and a fleet reduction to 13 aircraft. Passengers face difficulties with refunds and rebooking, while the airline's domestic market share has fallen to 0.6%.
What it affects
- SPICEJETNegative -25
Fleet shrinks, cancellations rise, on-time performance dropsRolling sentiment Negative -78
Source
Read the original at NDTV ProfitMore SPICEJET news
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