SriLankan Airlines: a sneak peek at its vital traffic flows

Here is a sneak peek into the vital traffic flows for Sri Lankan Airlines and the Emerald Isle's key source markets for tourism. The data blares "India".

With UL's divestiture on the horizon, would it make sense for an Indian airline/ entity to invest? Would Emirates be in the fray again? What are your thoughts?

Some key considerations below (piecing together information from various sources):

• The airline has >USD 1.2 billion in debt
• Intends to sell GH and catering arms to halve debt
• Remaining debt to be borne by the Govt.
• Expects to rake in nearly USD 1 billion (rounded) in revenue (FY23)
• Expects to make a profit (FY23)
• Witnessing bumper yields

• Has been subject to various struggles and poor financial performance since Emirates was forced out in 2008

• Emirates stake (43.6%) was valued at about USD 150 million (Golden days of UL)

• >60% of seat capacity was deployed to India, Maldives and GCC (Pre-COVID)

• Current fleet size - 24 (A320s, A321s, A330s) (Parked + active)

As destiny would have it, former CEO Peter Hill, whose work permit was revoked by the then govt. now heads FitsAir, a new Sri Lankan carrier.

(Opinions my own)
#airlines #tourism #srilankanairlines #divestiture