SriLankan Airlines kada wetennayi yanne.

[AtulaSiriwardane]

SriLankan Airlines’ 2009 Annual Report contains a query from the company’s auditors regarding the viability of the airline. In the face of what is effectively a Rs. 10 billion loss Ernst & Young have expressed “doubts that the company (SriLankan Airlines) will be able to continue as a going concern.” Figures in the 2009 Annual Report reveal that the company’s liabilities now exceed its assets by an extraordinary Rs. 8,159 million (Rs. 8.1 billion). A drastic reversal of the situation just a year ago when the airline’s assets exceeded its liabilities by Rs. 3,074 million.
The turn around from Rs. 3 billion in the black in 2008 to Rs. 8.1 billion in the red in 2009 represents a Rs.11 billion year on year decline in the position of the company’s assets — a 100 million dollar change of fortunes. A colossal loss by any standards but crippling for a small third world airline. Even allowing for the generally difficult conditions faced by airlines worldwide as a result of the global economic crisis the situation at SriLankan Airlines is exceptionally dire
And aslo…
The survival of the nation’s flag carrier established as Airlanka in 1978 is now in doubt. But how could what appears to have been a healthy profit making company in 2008 have become a loss ridden hulk in the space of a year?
It is claimed that Emirates recovered the value of its original $70 million investment in Sri Lankan in less than a year and subsequently continued to extract profits by selling additional assets.
Severe over staffing — a staff of over 5200 staff for a fleet of just 12 aircraft has left the airline bearing an exceptionally high cost per air mile flown. SriLankan Airlines employs approximately 400 staff per aircraft while the industry average is closer to 100.
Ideally aircraft should spend 14 hours a day in the air — which allows for optimum revenue generation, after cut backs SriLankan Airlines’ aircraft were spending just 8 hours a day in the air.
The loss of the Skywards rewards system which allowed passengers on SriLankan to claim air miles they could use anywhere on the vast Skywards network was another setback – from sundayleader

 

[x-pert]

Almost all airlines posted a loss during the last fiscal year due to recession and people not travelling frequently. As a result airlines had to issue tickets for cheaper prices to cover up the loss up to a certain extent.

Last year's loss does not mean that the Air Line is not in a viable stage. However the government should inject some finances to cover up the losses.

Anyway this is very cheap election propaganda Atula!
For a person who practices Wipassana, this is very very cheap Selling the national airline carrier to reduce points of Mahinda

 

[AtulaSiriwardane]

Almost all airlines posted a loss during the last fiscal year due to recession and people not travelling frequently. As a result airlines had to issue tickets for cheaper prices to cover up the loss up to a certain extent.

Last year's loss does not mean that the Air Line is not in a viable stage. However the government should inject some finances to cover up the losses.

Anyway this is very cheap election propaganda Atula!
For a person who practices Wipassana, this is very very cheap Selling the national airline carrier to reduce points of Mahinda

You got the point right.
And every one knows why Airline fails,
even you, yourself know,
though you try to cover it up with lame excuses.

Now the intelligent knows how incompetent and careless Mahinda is.
I knew even before he becomes president.
Now one by one realizing the fact.

​

 

[x-pert]

You got the point right.
And every one knows why Airline fails,
even you, yourself know,
though you try to cover it up with lame excuses.

Now the intelligent knows how incompetent and careless Mahinda is.
I knew even before he becomes president.
Now one by one realizing the fact.

​

Well, I never said Mahinda is right or wrong.
What is right is right. What is wrong is wrong.
Posting a loss is fair enough given the Global Financial Crisis. Not only Sri Lanka, but the whole world had to face it.
If you say that Mihin Lanka is posting a loss due to mismanagement and carelessness of MR, then I would agree. But not for Sri Lankan airlines.

 

[surabada]

Ottuwa allamuda nika mada gagaha inne nathuwa??????

 

[blacktulip]

ohhhhhhhhhhh

 

[roshanperera]

I am asking a simple question from both you guys.With these massive corruptions,mismanagement and carelessness don't you think the destiny of the our flag airline would be same like Mihin Air (White elephant) ???

 

[roshanperera]

IT IS SO EASY TO REVERS THE BLAME FINGERING AT THE WORLD CRISIS .BUT REALITY IS REST OF THE FOUR FINGERS FINGERING AT THE REAL QUESTION!!!!!!!!!!!!!!!!!!!!!

 

[Janka23]

Real News ~ Japan Airlines (JAL) kada wetennayi yanne

http://news.xinhuanet.com/english/2010-01/12/content_12796017.htm
http://dealbook.blogs.nytimes.com/2010/01/08/japan-airlines-closes-in-on-potential-bankruptcy/

TOKYO, Jan. 12 (Xinhua) -- Shares of Japan Airlines (JAL) were ask-only on Tuesday morning in Tokyo as fears mount that the state-backed fund in charge of restructuring Asia's largest carrier may lean towards delisting the company, following its expected filing for bankruptcy protection.

Investors dumped stock in the stricken carrier as rumors spread that The Enterprise Turnaround Initiative Corp. of Japan (ETIC), the state-backed body charged with restructuring the ailing carrier, may hold shareholders accountable for the carrier's downturn, along with creditors who may be asked to write-off some of JAL's 16 billion U.S. dollars in debt, should the carrier file for protection, sources with knowledge of the matter said.

Bankruptcy would effectively negate the value of JAL's shares, brokers said. Shares in JAL were untraded due to a flood of sell orders at 37 yen, down 45 percent from Friday's close.

The ETIC, is still deliberating the issue, having already decided to limit JAL's potential alliances with either one of the U.S. carriers, Delta or American Airlines, to one of "tie-up," rather than "partnership," a report in the Nikkei business daily said.

JAL is still short of the two-thirds support it needs from retirees to cut pension payments, raising anxiety among employees, retirees and investors that its pension fund may be dissolved as part of its bankruptcy filing procedure.

According to a JAL spokesman, no further updates were available regarding how many retirees have agreed to the cuts, which are as much as a one third reduction in pension provision, but indicated the firm would continue its efforts to persuade them beyond the deadline if it fails to secure the quota of consent it needs by the alloted deadline of Tuesday.

JAL retirees are divided about the pension cuts, as many retirees still feel a deep sense of loyalty to the company, despite their employment having run its course.

If JAL fails to secure support from its retirees about pension cuts, the ETIC's intervention may lead to even larger cuts for employees and retirees, sources close to the matter said.

However, the ETIC will pump some 300 billion yen into the cash-strapped carrier once it files for bankruptcy and a significant amount of debt will be written off.

The ETIC's window for filing for protection is being set for some time between January 19 and January 22 for the carrier to file for bankruptcy and for the ETIC to officially announce its plans to offer its support.

 

[sriboysl]

Kada wetenna yanawanam duwala gihin allaganin bima wetenna issara.

 

[saraprobe]

SriLankan Airlines’ 2009 Annual Report contains a query from the company’s auditors regarding the viability of the airline. In the face of what is effectively a Rs. 10 billion loss Ernst & Young have expressed “doubts that the company (SriLankan Airlines) will be able to continue as a going concern.” Figures in the 2009 Annual Report reveal that the company’s liabilities now exceed its assets by an extraordinary Rs. 8,159 million (Rs. 8.1 billion). A drastic reversal of the situation just a year ago when the airline’s assets exceeded its liabilities by Rs. 3,074 million.
The turn around from Rs. 3 billion in the black in 2008 to Rs. 8.1 billion in the red in 2009 represents a Rs.11 billion year on year decline in the position of the company’s assets — a 100 million dollar change of fortunes. A colossal loss by any standards but crippling for a small third world airline. Even allowing for the generally difficult conditions faced by airlines worldwide as a result of the global economic crisis the situation at SriLankan Airlines is exceptionally dire
And aslo…
The survival of the nation’s flag carrier established as Airlanka in 1978 is now in doubt. But how could what appears to have been a healthy profit making company in 2008 have become a loss ridden hulk in the space of a year?
It is claimed that Emirates recovered the value of its original $70 million investment in Sri Lankan in less than a year and subsequently continued to extract profits by selling additional assets.
Severe over staffing — a staff of over 5200 staff for a fleet of just 12 aircraft has left the airline bearing an exceptionally high cost per air mile flown. SriLankan Airlines employs approximately 400 staff per aircraft while the industry average is closer to 100.
Ideally aircraft should spend 14 hours a day in the air — which allows for optimum revenue generation, after cut backs SriLankan Airlines’ aircraft were spending just 8 hours a day in the air.
The loss of the Skywards rewards system which allowed passengers on SriLankan to claim air miles they could use anywhere on the vast Skywards network was another setback – from sundayleader

Ane pala yako yanna UNP ponnaya

 

[Janka23]

Kada wetenna yanawanam duwala gihin allaganin bima wetenna issara.

haha

 

[akilar25]

mara seen eka

 

[$pirate]

It's a sorry state that the national carrier has to take the brunt of political misdemeanors. Please don't get me wrong; but no matter which political figure-head rules, there will always moles & rats who will eat away the integrity & pride of this country.

Air Ceylon & Air Lanka were the flagship of Sri Lanka and possibly of the entire Asian continent. There was absolute criteria that was tapped into the selection of staff to the then carrier. They had charisma & personality. Just look at the flying crew now. My grand aunt looks better when she wakes up in the morning. My point is peolpe are poked in just to appease political milage rather than bring in dedicated ambassadors to the country.

My Solution;
1. Stop political appointements, period
2. Lay-off excess staff and keep in line to industrial norms
3. Have a national policy to run the carrier no matter who rules.

This not about securing victory one candidate over the other, but to bring victory to the "Pride of this Nation"