SriLankan Airlines to report loss of up to $160m due to Easter attacks-CEO
Sri Lanka’s state-run carrier could post a loss of as much as $160m this financial year, as tourist arrivals in the island nation fell following the Easter bombings in April. “The forecast (for fiscal year ending March 2020) soon after the Easter Sunday attack is about $160 m... but I’ll be happy if I can cap it around $100-$120m,” said Vipula Gunatilleka, the CEO of SriLankan Airlines on Wednesday. Islamist militants on April 21 bombed churches and luxury hotels across Sri Lanka, killing more than 250 people and severely denting its tourism sector, one of the country’s top revenue streams. That loss would however be marginally narrower than the $168m reported in the fiscal year to end-March 2019, Gunatilleka said.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-08-08/unaligned/srilankan-airlines-to-report-loss-of-up-to-160m-due-to-easter-attacks-ceo
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SriLankan Airlines to report loss of up to $160m due to Easter attacks-CEO
Sri Lanka’s state-run carrier could post a loss of as much as $160m this financial year, as tourist arrivals in the island nation fell following the Easter bombings in April. “The forecast (for fiscal year ending March 2020) soon after the Easter Sunday attack is about $160 m... but I’ll be happy if I can cap it around $100-$120m,” said Vipula Gunatilleka, the CEO of SriLankan Airlines on Wednesday. Islamist militants on April 21 bombed churches and luxury hotels across Sri Lanka, killing more than 250 people and severely denting its tourism sector, one of the country’s top revenue streams. That loss would however be marginally narrower than the $168m reported in the fiscal year to end-March 2019, Gunatilleka said.<br/>
