The beleaguered privately-run Kingfisher Airlines (KFA) Sunday declared that despite flight disruptions in the past couple of days, it has not shut down any stations from its schedule, an official said.
In a statement, a spokesperson for KFA said the flight disruptions were owing to certain unexpected incidents like bird hits which rendered its aircraft out of service.
The flight disruptions are expected to continue for another three to four days with only 208 flights in operation, but the carrier has not shut down, nor does it plan to close down any stations, the official said.
"The speculation that we are reducing our operating schedule from 240 flights a day is ill-founded, as we will operate the full schedule on our booking system within the next four days," the spokesperson added.
The spokesperson also dismissed rumours that the KFA had resorted to selling tickets at low fares as 'illogical', since the airline focuses on the full service segment which affords higher yields.
While admitting that its bank accounts have been attached by the Income Tax Department, KFA said in the past also similar issues have happened and they have been resolved.
"We have had a good meeting with our consortium of banks who have accepted, in principle, the viability study prepared by SBI Capital markets and independent consultants. Our request for additional working capital has been acknowledged by the consortium and is subject to individual bank approvals," the spokesperson said.
The developments came barely two days after high fuel costs and falling revenue resulted in KFA losses in the third quarter of the current fiscal -- mounting to Rs.444 crore from a net loss of Rs.254 crore in the like quarter of 2010-11.