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Sri Lankan aviation set for expansion but government support critical

21-Apr-2011

Sri Lanka’s national carrier, SriLankan Airlines, reported an operating loss of USD56.8 million in 2010, marking a 49% reduction in losses compared with 2009 levels, while Mihin Lanka turned around to achieve a USD3.8 million profit from a USD6.0 million loss in 2009. The figures were released in the Central Bank's 2010 annual report. [2251 words]

Unlock the following contents in this report:

Subheadings:

  • SriLankan Airlines reports USD57m loss; revenue and pax growth up to 25%
  • Sri Lanka targeting 700,000 tourists in 2011
  • SriLankan Airlines and Mihin Lanka's fleet get boost
  • Sri Lanka now has more than 60 bilateral agreements in place
  • Bandaranaike Airport reports freight record in 2010; expansion planned
  • Hambantota Airport to open by end of 2012
  • Sri Lanka considers third international airport
  • Aviation recovering but needs continuous support

Graphs and data:

  • SriLankan Airlines revenue up 26% but remains in the red in 2010
  • Sri Lanka visitor arrivals: Jan-2010 to Mar-2011
  • SriLankan Airlines' fleet profile: Apr-2011
  • Mihin Lanka's fleet profile: Apr-2011
  • SriLankan Airlines network (including codeshares)
  • Recently announced worldwide airline route changes: frequencies per week (new/total)
  • SriLankan Airlines' international v domestic capacity share (18-Apr-2011 to 24-Apr-2011)
  • SriLankan Airlines' international capacity by region (18-Apr-2011 to 24-Apr-2011)
  • Mihin Lanka's network: Apr-2011
  • Map of proposed Hambantota International Airport
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