SriLankan Airlines’ losses fly higher: Moves to lease Heathrow slots
Sunday February 12, 2012
| By Sunimalee Dias |
 The national carrier, SriLankan Airlines, plans to sell or lease its slots at Heathrow airport in Britain under an extensive review programme as it acknowledged incurring a huge loss for the current financial year.The losses made in 2011/2012 financial year ending March 31 would go beyond the 2010/2011 level of Rs. 202 million and exceed the budgeted loss of Rs. 8.3 billion, SriLankan Airline’s Chairman Nishantha Wickremesinghe told the Sunday Times. The airline had budgeted the 2011/2012 losses at Rs. 8.3 billion but had expected it to increase due to the high fuel prices.READ MORE... |
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