Kingfisher Airlines cancelled more flights on Friday and its shares hit a record low amid continuing debt fears, reports bbc.co.uk.
Thousands of passengers have been hit by hundreds of cancellations this week. India's second-biggest airline is about $1.2bn in debt and struggling to raise cash. Founder and part-owner Vijay Mallya insists the airline will not close but is just cutting losses by rationalising flights and reconfiguring airlines.