CHARTERING A COURSE TOWARDS A SUSTAINABLE FUTURE
The national carrier SriLankan Airlines’ focus on restructuring its operations to affect a turnaround is recording a significant reduction in losses, coupled with a rationalisation of routes and aircraft. Stringent cost controls, underscored by heightened accountability and transparency, have been cornerstones of the new strategy. The new management, supported by the incumbent Government, is successfully shedding its past legacy as a loss-making institution, by adopting a leaner approach and making strategic moves to strengthen its position as a leading regional airline. In the financial year ending 31 March 2016, the airline recorded a significantly improved performance compared to the previous year.