Kingfisher airlines has said that it has rationalised its network and will offer 300 daily flights connecting 54 cities as compared to its previous schedule of 340 flights.
In a statement, the airline CEO, Mr Sanjay Aggarwal, said that no flights have been cancelled because of lack of pilots or other staff.
Enough pilots
“The attrition of 100 pilots did not happen overnight. Kingfisher has sufficient number of pilots and a robust pipeline of new pilots to continue to operate its scheduled flights,” Mr Aggarwal said.
He said Kingfisher decided to rationalise network, drop unprofitable flights and expedite its fleet reconfiguration because of the difficult situation the industry was facing. “This initiative will improve the long-term profitability of the airline.”
Salary delays
There has been a few days delay for the last 2-3 months in payment of employee salaries. However, all employees have been paid in the month the salaries were due.
Mr Aggarwal said Kingfisher does not see any risk to its future or long-term viability. “The whole Indian Aviation Industry is struggling due to high costs and lower yields. We are no exception. Like any other prudent business we are taking steps to improve our financial performance,” he said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.