Cash-strapped Kingfisher Airlines Ltd may be looking at a second round of flight cuts starting April, indicating that finances are still not in order at the Vijay Mallya-controlled carrier.

“They are now planning to fly only 38-39 aircraft in the summer schedule,” said a government official, who declined to be named. A second government official confirmed the move. Airlines file their respective plans with regulator Directorate General of Civil Aviation (DGCA) for the summer schedule, which starts after March, in the first half of January.

The second curtailment by the airline in three months may allow rivals to raise their market share and allow local carriers to raise fares, improving their profitability as per a report in Mint by Tarun Shukla. In November, Kingfisher flew just 44 of its 66 aircraft in a bid to conserve cash as it cut 50-72 flights from its normal schedule of about 320.

As a result of the curtailment of flights, Kingfisher has slipped to fifth position in terms of the number of domestic passengers carried.

Kingfisher now has a 14% share ahead of GoAir’s 6.2%. Naresh Goyal’s Jet group remains the biggest airline in India with Jet Airways and JetLite together having a 27.1% share in November. Rahul Bhatia’s IndiGo is second with 19.8%, followed by Air India at 17.4%.