The loss in two months is 9 billion.
In April and May 2020, the state-run SriLankan Airlines (US $ 9 billion) lost US $ 48.7 million and is expected to lose US $ 185 million (US $ 34.4 billion) by March 2021. . The Ministry of Finance says that the national carrier is suffering from the consequences of the corona virus epidemic.
The Ministry of Finance says that the financial condition of the SLA was not healthy even before COVID-19.
“Accordingly, SLA management will have strategies such as negotiating leases, reducing operating costs, reducing the number of crew members on board, reducing the workforce by introducing a voluntary pension scheme, and negotiating collective agreements to eliminate unfavorable conditions. Hope to use roads ”
According to the Ministry of Finance, SriLankan Airlines lost Rs. 44.02 billion in 2019.
Sri Lanka has lost money since the airline’s management took back Dubai-based Emirates, which has linked the airline to its global network.
Despite the Corona virus crisis, SriLankan Airlines continues to operate essential cargo and passenger flights with Qatar Airways.
The previous administration failed to find an investor for the airline without presenting a clear austerity deal and the current administration has abandoned plans for a private investor.
“Considering the strategic importance, the Government has now withdrawn from the distribution of shares in the Sri Lanka Air Force and has decided to implement internal development strategies in line with related industries, including the tourism industry,” the Finance Ministry said.
The tourism industry is urging the airline to run non-profit routes in order to make a profit.
However, the Maldives launched a high-level tourism business without a national airline. They have monetary stability and Sri Lanka is constantly prone to monetary breakdowns.
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