India, March 3 -- A Delhi commercial court recently directed Akasa Air to pay Rs 1.08 crore to a travel agent for loss of profits after cancelling a group booking of 640 airline seats made in advance for the peak December-January festive season. District Judge (Commercial) Lalit Kumar at Saket courts held that the airline's cancellation of eight confirmed group bookings, despite having received 25 per cent of the total fare as advance, amounted to breach of contract. "The loss claimed is the loss of opportunity arising from the cancellation of a confirmed group inventory during peak season. In commercial transactions, especially in the travel industry, group bookings for festive periods are made precisely to capitalize on predictable seas...