SriLankan Airlines lose Rs4.9bn up to April 2015

ECONOMYNEXT – State-run SriLankan Airlines had lost 4.9 billion rupees in the four months to April 2014, while its sister budget airline Mihin Lanka had also lost money, official data showed.

A state report said SriLankan earned revenues of 39.6 billion rupees but had costs of 44.9 billion rupees.

Accumulated losses had rose to 130.9 billion rupees, which was almost a billion US dollars.

SriLankan had lost money ever since its managing partner Emirates was dropped by the ousted Rajapaksa regime.

Mihin Lanka its sister budget airline, also a folly of the last regime lost another 151 million rupees in the first quarter.

The government says it wants to merge the two airlines and devise a business plan to make them viable.


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