Sri Lanka’s National airline, Srilankan Airlines today announced that it will be suspending flights to Paris and Frankfurt from October and November this year.
Accordingly, the last flights between Frankfurt and Colombo (UL 553/554) will be operated on October 30, while UL 563/564 of November 6, 2016 will conclude the operations between Paris and Colombo.
The airline said that the Government of Sri Lanka has made it clear that it will no longer fund continuing losses. Airline sources said that the route network is being continuously evaluated in the context of changing market dynamics in order to maximize on sustainable routes which bring in more contribution towards the bottom line.
While the drop in fuel prices has contributed to the airline’s improved performance, this benefit has been significantly eroded with the airline’s revenues declining for the F/Y ending 2015/16 compared to the previous year.
Source: Colombo Gazette