SpiceJet cancels daily flights as fleet shrinks to 12 aircrafts

SpiceJet is reportedly cancelling 15 to 20 flights daily as its fleet shrinks to 12 aircrafts amid mounting dues to lessors and service providers. Employee salary delays and financial losses have added to its challenges. DGCA data for September showed a cancellation rate above 20%, on-time performance of 16.6% and domestic market share of just 0.6%.