Kingfisher Airlines
Kingfisher AirlinesReuters

Kingfisher Airlines hit an all time low Monday with over 40 of its flights being cancelled after the pilots stayed away from work over non-payment of their salaries.

Pilots of the cash-strapped Airlines have been complaining about the management's indifferent attitude and delay in the payment of their salaries for over three months. Several flights from Mumbai, Delhi and Kolkata were cancelled after pilots didn't report for work.

"The flight loads have reduced because of our limited distribution ability caused by IATA suspension. We are therefore combining some of our flights. Also, some of the flights are being cancelled as a result of employee agitation on account of delayed salaries. This situation has arisen as a consequence of our bank accounts having been frozen by the tax authorities. We are making all possible efforts to remedy this temporary situation," CNN IBN quoted a statement from the Airlines.

"We will operate approximately 80 per cent of our planned schedule. We expect to return to our full schedule shortly. Those guests whose flights are affected are being notified. They are either being accommodated on other airlines or offered a full refund," added the airline.

Kingfisher CEO Sanjay Aggarwal had earlier met the pilots and requested them not to stay away from flying duties, assuring them that they would do all they could to unfreeze the bank accounts and pay the salaries.