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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Rs 25 Billion loss of Sri Lankan Airlines

Rs 25 Billion loss of Sri Lankan Airlines

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sashimaal

sashimaal
Manager - Equity Analytics
Manager - Equity Analytics
Civil aviation Minister Priyankara Jayaratne says in Parliament that Sri Lankan Airlines has incurred a loss of Rs 25 Billion in 2013-14.

Source: Twitter feed, Ranga Sri Lal
https://twitter.com/rangaba

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
No fuss- people are flying high placing "Dadu Monaraya" on their shoulders. Forgot the effect of landing on rocky surface.

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Illan kanawa kiyannee Okayama tama.......
Emirates tribunarnam goda neda......?

Meka deshiya kamak - apema rate kamak - kiyala hithagamu........?

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Does anyone care a hoot?
See the next election results ? Very Happy 

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Results will be the same as everyone had experienced before.
Like or not politics & investments are intermixed in this country.

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
If we look to the Maldives, their tourism industry has grown without a strong airline. Instead of a strong airline industry the Maldives leapfrogged their way by offering great deals the tour operators ---> that is the way to go  Wink 

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Due to utterly incapable management skills of a few with no foresight is burdening the  whole country.

To cover such losses, poor man's food and all other commodities are raised or taxed .
I recall the Supermarket tax. How little will it bring compared to this major loss?
But how many people are effected .

Time to let someone else manage if they can't do the job. ( am not saying to sell the Air line completely)

Btw, wonder how much the lease of an Aircraft per year is?

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Run a profitable airline is one of the toughest jobs in the world.
Run a government own budget airline is even harder.
Wish someone ceases the operation of Mihin air from tomorrow.

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:Due to utterly incapable management skills of a few with no foresight is burdening the whole country.

Agree 100 %.

To cover such losses, poor man's food and all other commodities are raised or  taxed .
I recall  the Supermarket tax. How little will it bring compared to this major loss?
But how many  people are affected.

More than what we think are affected but come elections and they forget all and remember winning the war and Galle Expressway only.
So true and sadly so but.


Time to let someone else manage if they can't do the job. ( am not saying to sell the Air line  completely).

The notion of every country must have its own flagship airline is a old school thinking no longer applies in these times.

If Air France can be run by KLM, then why not Sri Lanka is managed by someone like Singapore Airlines, for instance.


Btw, wonder how much the lease of an Aircraft per year is?

There is a glut in the Aircraft market and if you are wise, you can come out with a great bargain, even with a wet lease agreement.

But when we go there, they are only calculating the Commissions that they can get out of those deals only.


D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
A education minister in this country ask from the people "If i can't give
a scholarship to my daughter what is the purpose of becoming e Education Minister"

Same way HE can ask " If I can't appoint my ....................."

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