28-Jun-2010 12:38 PM

SriLankan Airlines cuts FY2010 loss, may need financial restructuring

SriLankan Airlines CEO, Manoj Gunewardena, stated “losses in the March quarter were minimal”, cutting the carrier’s full year to 31-Mar-2010 losses (InfoLanka.com, 26-Jun-2010). No figures were disclosed. Mr Gunewardena stated the carrier is seeking a turnaround in the second half of calendar year 2010 but added the carrier may require financial restructuring in the future.