SriLankan Airlines Impacted By Easter Bombings, Adjusts New Business Plan
SriLankan Airlines CEO Vipula Gunatilleka discusses the impact of the 21-Apr-2019 Easter bombings, adjustments to its five-year business plan, fleet renewal and the planned launch of several new routes. SriLankan unveiled its new business plan only a few days before the bombings, which has led to a large drop in visitor numbers to Sri Lanka and USD100 million revenue shortfall for the flag carrier. However, SriLankan has benefitted from the collapse of Jet Airways, which occurred a few days before the bombings and has enabled the airline to maintain traffic levels to India, its largest market, by growing sixth freedom traffic. China, the UK and Japan have been the most impacted of SriLankan’s routes as SriLankan relies heavily on inbound visitors for these markets. The airline and the government, which owns 100% of SriLankan and has been trying the last three years to find a strategic investor, are now working to restore inbound demand.