SriLankan Airlines cuts European services
SriLankan Airlines will close two out of three European services this fall. It will axe services from Colombo to Frankfurt from Oct. 30 and to Paris Charles de Gaulle from Nov. 6, leaving just one flight to Europe—a daily Colombo-London Heathrow A330-300 service. The airline said the two unprofitable routes were dropped as the Sri Lanka flag carrier prepares for difficult market conditions and searches for ways to become more competitive. Savings that were achieved because of lower fuel prices in the 2015-16 financial year has been eliminated as fares fell because of increased competition, especially from Gulf carriers. In addition, a weaker exchange rate has led to a drop in SriLankan’s market share in Europe. SriLankan said it will increase new, “promising” codeshare agreements with Etihad Airways and Qatar Airways partnerships. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-06-30/oneworld/srilankan-airlines-cuts-european-services
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SriLankan Airlines cuts European services
SriLankan Airlines will close two out of three European services this fall. It will axe services from Colombo to Frankfurt from Oct. 30 and to Paris Charles de Gaulle from Nov. 6, leaving just one flight to Europe—a daily Colombo-London Heathrow A330-300 service. The airline said the two unprofitable routes were dropped as the Sri Lanka flag carrier prepares for difficult market conditions and searches for ways to become more competitive. Savings that were achieved because of lower fuel prices in the 2015-16 financial year has been eliminated as fares fell because of increased competition, especially from Gulf carriers. In addition, a weaker exchange rate has led to a drop in SriLankan’s market share in Europe. SriLankan said it will increase new, “promising” codeshare agreements with Etihad Airways and Qatar Airways partnerships. <br/>
