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SpiceJet denies extending flight cancelations

SpiceJet has confirmed it will offer 230 flights every day in January 2015, denying the speculation of increased flight cancelations. A SpiceJet spokesperson had a phone call interview with a reporter from IBTimes and denied the media reports that there were 300 flight cancelations until January 31. The spokesperson said it would keep operations at current levels. In December, the airline reduced its flight schedules and fleet by 33 percent, going from 345 flights per day to 230. The spokesperson didn’t say how the airline planned to gather the cash needed to fund the business. As of Wednesday, the last trading day of 2014, SpiceJet was trading at prices 3.93 percent lower. It hit a high on May 26, 2014 and a low on August 13, 2014.

The above article is a summary. Please see the source article at Google News.

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