SriLankan Airlines to post loss of up to $160 million 

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SriLankan Airlines to post loss of up to $160 million.

t a loss of up to $160 million (£131.70 million) loss this year, as tourism in the island nation suffers following the Easter bombings, the carrier’s chief executive said.

FILE PHOTO – Sri Lankan arilines logo is seen on the tail of an airbus at the Sri Lankan Airlines maintenance hangar at the international airport in Katunayake, 30 km (19 miles) north of Colombo, February 27, 2017. REUTERS/Dinuka Liyanawatte

Cash-strapped SriLankan Airlines has cut ticket prices, reduced ground handling charges, and offered discounts to prevent empty seats on its flights since Islamist militants on April 21 bombed churches and luxury hotels, killing more than 250 people, including 42 foreign nationals.

“The forecast (for financial year ending March 2020) soon after the Easter Sunday attack is about $160 mln… but I’ll be happy if I can cap it around $100-$120 million,” Vipula Gunatilleka, the Chief Executive Officer of SriLankan Airlines told Reuters.

The airline reported a loss of $168 million in the 2018/19 financial year that ended March 31, 2019, he added.

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