SriLankan Airlines sees US$18 mn gain by rescheduling flights
EconomyNext - SriLankan Airlines said it aims to raise annual profits by 18 million US dollars by re-deploying aircraft and changing flight schedules to focus on more commercially sustainable services.
The change was effected on the direction of new State Minister of Aviation Faizer Mustapha, the national carrier said in a statement.
The statement indicated the airline will cut flights to the Mattala airport in southern Sri Lanka which has been criticisd as not being commercially viable by the opposition which won power in last week's presidential poll.
"The immediate schedule changes which will see the airline rationalising its scheduled operations to and via (Mattala) and enhancing capacity to other high demand Middle East destinations, while reducing capacity to underperforming routes such as Moscow," the statement said.
"This translates to an annual bottom line improvement of approximately 18 million US dollars."
In the medium term, the airline is also "critically reviewing its entire route network, again with a view to being more commercially and bottom-line focused," the statement said.
The airline said it has already achieved a "significant improvement" in its financial performance for the current financial year.
"These commercially driven initiatives will help the airline to further improve the financial performance in the near term while continuing to deliver affordable travel options to its customers."
EconomyNext - SriLankan Airlines said it aims to raise annual profits by 18 million US dollars by re-deploying aircraft and changing flight schedules to focus on more commercially sustainable services.
The change was effected on the direction of new State Minister of Aviation Faizer Mustapha, the national carrier said in a statement.
The statement indicated the airline will cut flights to the Mattala airport in southern Sri Lanka which has been criticisd as not being commercially viable by the opposition which won power in last week's presidential poll.
"The immediate schedule changes which will see the airline rationalising its scheduled operations to and via (Mattala) and enhancing capacity to other high demand Middle East destinations, while reducing capacity to underperforming routes such as Moscow," the statement said.
"This translates to an annual bottom line improvement of approximately 18 million US dollars."
In the medium term, the airline is also "critically reviewing its entire route network, again with a view to being more commercially and bottom-line focused," the statement said.
The airline said it has already achieved a "significant improvement" in its financial performance for the current financial year.
"These commercially driven initiatives will help the airline to further improve the financial performance in the near term while continuing to deliver affordable travel options to its customers."
