For Quick Alerts
For Daily Alerts

    Kingfisher Airlines shares drop on pilot strike

    Kingfisher Airlines shares drop on pilot strike
    Kingfisher Airlines: Quotes, News
    BSE 1.3600000143051147BSE Quote0 (0.00%)
    NSE 1.2999999523162842NSE Quote0 (0.00%)
    Shares of Kingfisher Airlines dropped almost 5%, after a media statement that the company was anticipating disruptions and delay in its flight schedules, saw selling pressure in the stock.

    "A section of employees of Kingfisher Airlines has not been reporting to work over the last fortnight and over the past 2 days, they have been threatening and even manhandling the other employees who are reporting to work as usual. We are anticipating disruptions and/or delays of flights across our network on October 1, 2012 as it is likely that a section of employees of Kingfisher Airlines may not report to work due to such threats. With a view to mitigating the impact of these anticipated disruptions, we are proactively cancelling several flights across our network for October 1, 2012," the company said in a statement.

    According to a release the company has stated that it was monitoring the situation and continues to engage with this section of employees to see reason as such action is not only detrimental to the company but directly impacts the travelling public and it will be our endeavour to resolve the situation and restore normal operations at the earliest.

    "We deeply regret any inconvenience that may be caused to our valued guests on account of this unprecedented action by a small section of employees and we are doing our best to minimise the impact of these anticipated disruptions," the Kingfisher statement adds.

    Read more about: kingfisher airlines
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more