Struggling Kingfisher Airlines, which has drastically reduced its services in the wake of mounting debt, hopes to normalise its entire flight schedule over the next three to four months.
Kingfisher officials, including CEO Sanjay Aggarwal, who met the Director General of Civil Aviation (DGCA) E K Bharat Bhushan today to explain the reasons for the cancellations, said it had to curtail certain flights that were causing heavy losses.
"Our cancellations range between 50-55 flights a day. There will be no more flight cancellations barring whatever we have already announced," Aggarwal said after his meeting with the DGCA.
"We will restore all these flights gradually over the next three to four months, starting December," he said, adding that by the next summer, the airline would have an operating schedule like in the past.
Kingfisher Airlines slipped in market share to the third position in October, from second in September, ceding ground to budget airline IndiGo, DGCA data showed.
The airline is unlikely to recover lost ground in the near future as the loss-making carrier has cancelled scores of flights in November.