SriLankan reduces losses

28 September 2011 08:06 am - 0 - {{hitsCtrl.values.hits}}

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Sri Lanka's national career, SriLankan Airlines has dramatically reduced its net loss to Rs.202 million in 2010/11 compared with to Rs.6 billion incurred during the 2009/10, the airline said.

The airline's Revenue for the year under review was Rs. 78,515 million, compared to Rs. 63,358 million in the previous year. Total Passenger Revenue was increased by 25% or Rs. 12 billion.

Following this improved financial performance by SriLankan, the airline is now transforming itself to profitable business venture within two years time.

Sri Lanka's Cabinet has approved US$ 500 million for the development of SriLankan over the next five years and the airline's Chairman nishantha Wickramasinghe said that this infusion of funds brings a tremendous responsibility on them to deliver positive results.

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SriLankan reduces losses

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