ECONOMYNEXT – State-run SriLankan Airlines said it had earned group profit of 10.66 million US dollars in the month of December 2021 the first profitable month since the Coronavirus pandemic began in 2020.
SriLankan without subsidiaries like its catering unit has reported profits of 9.5 million US dollars in December.
Full year accounts were not given.
Revenues in December had was almost 200 percent of last year and was at 80 percent of the pre-pandemic level.
SriLankan had also reported 11.43 million dollars at air transportation level (before items like ground handling).
SriLankan said it was the highest level recorded profit in the air transportation in over 20 years.
“The sacrifices made by all our staff members have paved the way for a positive start for the New Year,” Ashok Pathirage, Chairman of SriLankan Airlines said in a statement.
“During the past two years, we implemented multifaceted initiatives to reduce operational costs, for which each and every employee of the SriLankan family contributed, and we are reaping the benefits of our efforts today.
“The future, however, remains extremely challenging with the spread of the new variant of the virus and we will continue to monitor the situation closely and take necessary action to ensure that the momentum achieved in December continues.”
SriLankan operated close to 800 flights during the month and carried a total of 228,203 passengers – in excess of 13 times the number of passengers carried in December 2020. Moreover, SriLankan uplifted a total of 7,877 metric tons of cargo, which is a 147% increase from December 2020.
SriLankan Airlines had operated 800 flights and carried 228,203 passengers which was 13 times the passengers in the pandemic year of December.
SriLankan had carried 7,877 metric tonnes of cargo up 47 percent from December 2020. (Colombo/Jan11/2021)