These included 81 flights scheduled for today itself.
The large-scale flight cancellations came at a time when the aviation regulator DGCA was considering issuing a show- cause notice to the airline for defying its directives regarding advance bookings.
DGCA has asked the airline to stop taking bookings by tomorrow of more than one month in advance.
Besides, Airports Authority of India (AAI) is said to be considering putting SpiceJet on cash-and-carry mode soon if it does not furnish a bank guarantee against its dues to the airport operator, which stand at around Rs 200 crore.
While the regulatory actions might not immediately impact the airline's licence, it could force "a series of actions".
Concerned over the deteriorating condition of SpiceJet and large-scale flight cancellations, DGCA had on Friday also withdrawn 186 of its slots and asked it to clear salary dues of all its employees within the coming 10 days.
Shares of SpiceJet, which tumbled 13 per cent in early trade today amid a flurry of negative news including fund drought and large-scale flight cancellations, closed with a loss of 4.39 per cent at Rs 15.25 apiece.
SpiceJet reported fifth straight quarter of net losses for the July-September 2014 period at Rs 310 crore.
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